Supermicro
(NASDAQ:SMCI)

Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, ...

Website: http://www.supermicro.com

Founded: 1993

Full Time Employees: 5,126 (Jun 2023)

CEO / Founder: Charles Liang

Sector: Technology

Industry: Computer Hardware

Technology Semiconductors

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At a glance:

AI Server Demand Driving Revenue Momentum: Supermicro continues to benefit from strong demand for GPU-optimized and AI-focused server platforms, supported by rapid product cycles and close alignment with leading accelerator ecosystems.
Margin Volatility Remains a Key Watch Item: Mix shifts (AI vs. enterprise), component availability, pricing dynamics, and expedited logistics can meaningfully impact gross margin, making profitability more variable quarter-to-quarter.
Working Capital Swings Can Pressure Cash Flow: Inventory, receivables, and customer deposits can fluctuate with large project timing and supply-chain conditions, which may cause operating cash flow to diverge from reported earnings.
Supply Chain and Manufacturing Execution Are Strategic Advantages—and Risks: Speed-to-market and flexible manufacturing can be differentiators, but scaling production reliably while managing quality, lead times, and supplier constraints is critical to sustaining growth.
Competitive Intensity in AI Infrastructure Is High: Supermicro competes with large OEMs/ODMs and hyperscaler in-sourcing, so maintaining design wins depends on total system performance, availability, pricing, and platform support.

Bull Thesis:

Dominant Position in AI Infrastructure Demand: Supermicro is a primary beneficiary of the massive global demand for AI servers, particularly those powered by NVIDIA GPUs. Their close partnership with NVIDIA and ability to quickly integrate the latest GPU technologies positions them at the forefront of this high-growth market.
Leadership in Liquid Cooling and Rack-Scale Solutions: SMCI's early and strong adoption of advanced liquid cooling technologies is a significant differentiator, crucial for managing the extreme heat generated by modern AI accelerators. Their expertise in delivering complete rack-scale, customized solutions provides a competitive edge over traditional server vendors.
Agility and Speed to Market: Supermicro is known for its rapid development and deployment of new server architectures, often bringing solutions to market faster than larger competitors. This agility allows them to quickly capitalize on new chip releases from Intel, AMD, and NVIDIA, maintaining a technological lead in a fast-evolving industry.
Expanding Customer Base and Diversification: While heavily associated with NVIDIA, SMCI also supports a broad range of CPU and GPU architectures from other vendors (AMD, Intel), broadening their appeal. They are expanding their customer base beyond hyperscalers to enterprises and research institutions building their own AI infrastructure.

Bear Thesis:

Concentration Risk on NVIDIA and AI Spending: A substantial portion of Supermicro's revenue is directly tied to NVIDIA's success and the broader AI capital expenditure cycle. Any slowdown in NVIDIA's growth, shifts in their go-to-market strategy, or a moderation in overall AI infrastructure spending could significantly impact SMCI's financial performance.
Intensifying Competition and Potential Margin Pressure: The lucrative AI server market is attracting increased competition from established server giants (Dell, HPE, Lenovo) and even hyperscalers building more in-house. This heightened competition could lead to pricing pressure, reduced market share, and erosion of Supermicro's historically strong margins.
Valuation Concerns and Sustainability of Growth: Following a massive stock price surge, Supermicro's valuation has become stretched, implying exceptionally high future growth rates. Sustaining such rapid growth in the long term, especially as the market matures and competition intensifies, could prove challenging, leading to potential multiple compression.
Supply Chain Volatility and Component Availability: Supermicro relies on a complex global supply chain for critical components, including CPUs, GPUs, memory, and other semiconductors. Disruptions in this supply chain, component shortages, or significant price increases could impact their ability to meet demand, increase costs, and delay product delivery.

Main Competitors:

Dell Technologies ($DELL) (PowerEdge Servers), Competes across the entire server market, from enterprise to HPC and cloud, offering a wide range of pre-configured and custom server solutions, storage, and networking. Their extensive sales channels, global support infrastructure, and integrated IT solutions are key competitive advantages.
Hewlett Packard Enterprise (HPE) ($HPE) (ProLiant Servers, Apollo Systems), Offers a comprehensive portfolio of servers, storage, and networking solutions, including specialized systems for HPC and AI (Apollo series). HPE competes with its strong brand, enterprise-grade reliability, integrated solutions for data centers and edge computing, and extensive service offerings.
Nvidia ($NVDA) (DGX Systems, HGX Reference Designs), While primarily a GPU manufacturer, Nvidia increasingly offers complete AI server systems (e.g., DGX SuperPOD, DGX H100) and reference designs (HGX platforms) that integrate their GPUs, CPUs, and networking. They compete directly with Supermicro for high-performance AI infrastructure deployments, especially where customers seek a fully integrated, optimized stack from the GPU vendor.
Wiwynn Corporation ($6669.TW) (Hyperscale Data Center Servers), A major Original Design Manufacturer (ODM) specializing in cloud and data center infrastructure. Wiwynn designs and manufactures servers and storage solutions primarily for hyperscale cloud providers. They compete with Supermicro for large-scale custom server design wins and volume production, often offering highly optimized, cost-effective solutions directly to large data center operators.

Moat:

Supermicro's competitive moat stems from its agile, modular 'building block' architecture, enabling rapid integration of cutting-edge technologies, particularly in high-performance computing (HPC) and AI. This allows them to quickly deliver highly customized, energy-efficient server and storage solutions. They compete with traditional OEMs like Dell and HPE on speed-to-market, customization, and price/performance, while challenging ODMs like Wiwynn with a broader customer base and more standardized offerings alongside custom designs. The increasing vertical integration by component suppliers like Nvidia, who now offer complete AI systems, presents a new competitive dynamic, where Supermicro differentiates by offering broader integration options and flexibility across various component ecosystems.

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31

net sales	10,243,014,000	12,682,491,000	5,017,790,000	5,756,911,000	4,599,913,000	5,677,962,000	5,937,256,000	5,354,589,000	3,850,066,000	3,664,924,000	2,119,672,000	2,184,861,000	1,283,296,000	1,803,195,000	1,852,130,000	1,635,460,000	1,355,490,000	1,172,419,000	1,032,730,000	1,068,985,000	895,881,000	830,306,000	762,250,000	896,126,000	772,408,000	870,943,000	799,804,000	854,234,000	743,499,000	931,509,000	971,118,000	672,883,000	631,124,000	651,954,000	528,968,000	524,270,000	532,721,000	638,964,000	519,618,000	573,594,000	471,225,000	503,014,000	443,322,000	428,069,000	373,755,000	356,362,000	309,016,000	322,333,000	278,034,000	291,487,000	270,707,000	275,896,000	240,178,000	249,915,000	247,885,000	260,303,000	234,288,000	240,813,000	207,178,000	201,664,000	189,276,000	181,977,000	148,521,000	123,453,000	109,540,000	128,565,000	144,051,000	148,866,000	136,755,000	136,933,000	117,949,000	110,945,000	105,659,000
yoy	122.68%	123.36%	-15.49%	7.51%	19.48%	54.93%	180.10%	145.08%	200.01%	103.25%	14.45%	33.59%	-5.33%	53.80%	79.34%	52.99%	51.30%	41.20%	35.48%	19.29%	15.99%	-4.67%	-4.70%	4.90%	3.89%	-6.50%	-17.64%	26.95%	17.81%	42.88%	83.59%	28.35%	18.47%	2.03%	1.80%	-8.60%	13.05%	27.03%	17.21%	34.00%	26.08%	41.15%	43.46%	32.80%	34.43%	22.26%	14.15%	16.83%	15.76%	16.63%	9.21%	5.99%	2.51%	3.78%	19.65%	29.08%	23.78%	32.33%	39.49%	63.35%	72.79%	41.54%	3.10%	-17.07%	-19.90%	-6.11%	22.13%	34.18%	29.43%
qoq	-19.23%	152.75%	-12.84%	25.15%	-18.99%	-4.37%	10.88%	39.08%	5.05%	72.90%	-2.98%	70.25%	-28.83%	-2.64%	13.25%	20.65%	15.61%	13.53%	-3.39%	19.32%	7.90%	8.93%	-14.94%	16.02%	-11.31%	8.89%	-6.37%	14.89%	-20.18%	-4.08%	44.32%	6.62%	-3.20%	23.25%	0.90%	-1.59%	-16.63%	22.97%	-9.41%	21.72%	-6.32%	13.46%	3.56%	14.53%	4.88%	15.32%	-4.13%	15.93%	-4.62%	7.68%	-1.88%	14.87%	-3.90%	0.82%	-4.77%	11.10%	-2.71%	16.23%	2.73%	6.54%	4.01%	22.53%	20.31%	12.70%	-14.80%	-10.75%	-3.23%	8.86%	-0.13%	16.10%	6.31%	5.00%
cost of sales	9,224,334,000	11,883,924,000	4,550,417,000	5,212,809,000	4,159,695,000	5,007,940,000	5,161,676,000	4,808,560,000	3,252,698,000	3,100,602,000	1,765,981,000	1,813,165,000	1,056,937,000	1,465,773,000	1,504,595,000	1,348,116,000	1,144,715,000	1,008,676,000	894,591,000	923,474,000	772,864,000	694,211,000	632,335,000	772,609,000	639,048,000	732,539,000	668,875,000	722,200,000	631,172,000	803,587,000	847,879,000	584,693,000	542,798,000	558,576,000	448,904,000	450,474,000	453,569,000	532,602,000	447,403,000	483,828,000	394,405,000	418,562,000	374,129,000	361,672,000	316,491,000	301,270,000	262,224,000	276,310,000	239,141,000	251,365,000	235,692,000	233,448,000	199,449,000	207,301,000	208,259,000	220,271,000	196,432,000	200,634,000	174,141,000	170,755,000	160,011,000	151,668,000	124,012,000	102,998,000	93,213,000	104,473,000	116,215,000	120,439,000	111,929,000	109,678,000	94,904,000	91,003,000	87,592,000
gross profit	1,018,680,000	798,567,000	467,373,000	544,102,000	440,218,000	670,022,000	775,580,000	546,029,000	597,368,000	564,322,000	353,691,000	371,696,000	226,359,000	337,422,000	347,535,000	287,344,000	210,775,000	163,743,000	138,139,000	145,511,000	123,017,000	136,095,000	129,915,000	123,517,000	133,360,000	138,404,000	130,929,000	132,034,000	112,327,000	127,922,000	123,239,000	88,190,000	88,326,000	93,378,000	80,064,000	73,796,000	79,152,000	106,362,000	72,215,000	89,766,000	76,820,000	84,452,000	69,193,000	66,397,000	57,264,000	55,092,000	46,792,000	46,023,000	38,893,000	40,122,000	35,015,000	42,448,000	40,729,000	42,614,000	39,626,000	40,032,000	37,856,000	40,179,000	33,037,000	30,909,000	29,265,000	30,309,000	24,509,000	20,455,000	16,327,000	24,092,000	27,836,000	28,427,000	24,826,000	27,255,000	23,045,000	19,942,000	18,067,000
yoy	131.40%	19.19%	-39.74%	-0.35%	-26.31%	18.73%	119.28%	46.90%	163.90%	67.25%	1.77%	29.36%	7.39%	106.07%	151.58%	97.47%	71.34%	20.32%	6.33%	17.81%	-7.76%	-1.67%	-0.77%	-6.45%	18.72%	8.19%	6.24%	49.72%	27.17%	36.99%	53.93%	19.51%	11.59%	-12.21%	10.87%	-17.79%	3.04%	25.94%	4.37%	35.20%	34.15%	53.29%	47.87%	44.27%	47.23%	37.31%	33.63%	8.42%	-4.51%	-5.85%	-11.64%	6.04%	7.59%	6.06%	19.94%	29.52%	29.36%	32.56%	34.80%	51.11%	79.24%	25.81%	-11.95%	-28.04%	-34.23%	-11.61%	20.79%	42.55%	37.41%
qoq	27.56%	70.86%	-14.10%	23.60%	-34.30%	-13.61%	42.04%	-8.59%	5.86%	59.55%	-4.84%	64.21%	-32.92%	-2.91%	20.95%	36.33%	28.72%	18.53%	-5.07%	18.29%	-9.61%	4.76%	5.18%	-7.38%	-3.64%	5.71%	-0.84%	17.54%	-12.19%	3.80%	39.74%	-0.15%	-5.41%	16.63%	8.49%	-6.77%	-25.58%	47.29%	-19.55%	16.85%	-9.04%	22.05%	4.21%	15.95%	3.94%	17.74%	1.67%	18.33%	-3.06%	14.59%	-17.51%	4.22%	-4.42%	7.54%	-1.01%	5.75%	-5.78%	21.62%	6.88%	5.62%	-3.44%	23.66%	19.82%	25.28%	-32.23%	-13.45%	-2.08%	14.50%	-8.91%	18.27%	15.56%	10.38%
gross margin %	9.95%	6.30%	9.31%	9.45%	9.57%	11.80%	13.06%	10.20%	15.52%	15.40%	16.69%	17.01%	17.64%	18.71%	18.76%	17.57%	15.55%	13.97%	13.38%	13.61%	13.73%	16.39%	17.04%	13.78%	17.27%	15.89%	16.37%	15.46%	15.11%	13.73%	12.69%	13.11%	14.00%	14.32%	15.14%	14.08%	14.86%	16.65%	13.90%	15.65%	16.30%	16.79%	15.61%	15.51%	15.32%	15.46%	15.14%	14.28%	13.99%	13.76%	12.93%	15.39%	16.96%	17.05%	15.99%	15.38%	16.16%	16.68%	15.95%	15.33%	15.46%	16.66%	16.50%	16.57%	14.91%	18.74%	19.32%	19.10%	18.15%	19.90%	19.54%	17.97%	17.10%
operating expenses:
research and development	215,659,000	180,761,000	173,314,000	183,221,000	162,857,000	158,229,000	132,243,000	127,471,000	116,226,000	108,824,000	111,027,000	84,802,000	77,515,000	70,700,000	74,243,000	70,790,000	70,869,000	65,471,000	65,143,000	58,930,000	57,912,000	52,729,000	54,798,000	66,748,000	49,586,000	55,572,000	49,572,000	46,189,000	44,800,000	45,924,000	42,994,000	40,898,000	35,870,000	34,033,000	33,191,000	34,148,000	31,256,000	30,264,000	28,326,000	27,741,000	25,542,000	25,465,000	21,509,000	23,023,000	20,570,000	20,428,000	20,236,000	19,557,000	18,606,000	18,824,000	18,221,000	17,580,000	17,162,000	15,657,000	13,824,000	13,163,000	12,202,000	12,297,000	10,446,000	10,244,000	9,757,000	8,754,000	8,627,000	8,836,000	8,632,000	8,961,000	8,085,000	8,794,000	8,050,000	6,987,000	6,706,000	5,534,000	5,143,000
sales and marketing	89,510,000	73,078,000	47,928,000	64,739,000	59,978,000	79,568,000	68,854,000	55,963,000	49,691,000	46,854,000	37,230,000	31,905,000	25,312,000	28,445,000	29,363,000	24,186,000	22,356,000	21,960,000	21,624,000	22,825,000	21,826,000	20,740,000	20,292,000	21,080,000	21,886,000	21,977,000	20,194,000	20,691,000	18,494,000	19,677,000	18,292,000	15,209,000	17,167,000	18,153,000	15,916,000	17,664,000	14,467,000	16,461,000	14,249,000	14,195,000	12,496,000	11,158,000	11,002,000	10,755,000	9,416,000	8,976,000	8,865,000	8,361,000	8,713,000	7,945,000	8,766,000	9,391,000	8,175,000	8,032,000	7,710,000	7,412,000	6,538,000	6,701,000	6,208,000	5,273,000	5,513,000	5,138,000	4,534,000	4,072,000	3,999,000	4,292,000	4,756,000	5,300,000	4,602,000	4,560,000	3,729,000	3,618,000	3,485,000
general and administrative	87,643,000	70,430,000	63,875,000	67,751,000	70,603,000	63,601,000	65,284,000	74,109,000	53,137,000	37,180,000	32,924,000	28,234,000	24,450,000	23,095,000	23,806,000	27,155,000	27,773,000	25,263,000	22,244,000	24,675,000	26,224,000	25,261,000	24,379,000	26,261,000	46,342,000	33,040,000	28,298,000	35,014,000	36,174,000	36,580,000	33,460,000	11,588,000	12,874,000	9,429,000	10,755,000	10,145,000	8,984,000	10,511,000	8,200,000	7,043,000	7,334,000	4,944,000	5,056,000	6,079,000	5,806,000	5,484,000	5,648,000	5,677,000	6,134,000	5,745,000	6,346,000	6,285,000	5,802,000	5,207,000	4,578,000	4,855,000	3,958,000	4,257,000	4,374,000	4,008,000	3,461,000	4,050,000	3,799,000	3,823,000	3,281,000	3,565,000	3,155,000	3,755,000	3,903,000	3,472,000	3,424,000	2,678,000	3,278,000
total operating expenses	392,812,000	324,269,000	285,117,000	315,711,000	293,438,000	301,398,000	266,381,000	257,543,000	219,054,000	192,858,000	181,181,000	144,941,000	127,277,000	122,240,000	127,412,000	122,131,000	120,998,000	112,694,000	109,011,000	106,430,000	105,962,000	98,730,000	99,469,000	114,089,000	117,814,000	110,589,000	98,064,000	101,894,000	99,468,000	102,181,000	94,746,000	67,695,000	65,911,000	61,615,000	59,862,000	61,957,000	54,707,000	57,236,000	50,775,000	48,979,000	45,372,000	41,567,000	37,567,000	39,857,000	35,792,000	34,888,000	34,749,000	33,595,000	33,453,000	32,514,000	33,333,000	33,256,000	31,139,000	28,896,000	26,112,000	25,430,000	22,698,000	23,255,000	21,028,000	19,525,000	18,731,000	17,942,000	18,049,000	16,731,000	15,912,000	16,818,000	15,996,000	17,849,000	16,555,000	15,019,000	13,859,000	11,830,000	11,906,000
income from operations	625,868,000	474,298,000	182,256,000	228,391,000	146,780,000	368,624,000	509,199,000	288,486,000	378,314,000	371,464,000	172,510,000	226,755,000	99,082,000	215,182,000	220,123,000	165,213,000	89,777,000	51,049,000	29,128,000	39,081,000	17,055,000	37,365,000	30,446,000	9,428,000	15,546,000	27,815,000	32,865,000	30,140,000	12,859,000	25,741,000	28,493,000	20,495,000	22,415,000	31,763,000	20,202,000	11,839,000	24,445,000	49,126,000	21,440,000	40,787,000	31,448,000	42,885,000	31,626,000	26,540,000	21,472,000	20,204,000	12,043,000	12,428,000	5,440,000	7,608,000	1,682,000	9,192,000	9,590,000	13,718,000	13,514,000	14,602,000	15,158,000	16,924,000	12,009,000	11,384,000	10,534,000	12,367,000	6,460,000	3,724,000	415,000	7,274,000	11,840,000	10,578,000	8,271,000	12,236,000	9,186,000	8,112,000	6,161,000
yoy	326.40%	28.67%	-64.21%	-20.83%	-61.20%	-0.76%	195.17%	27.22%	281.82%	72.63%	-21.63%	37.25%	10.36%	321.52%	655.71%	322.75%	426.40%	36.62%	-4.33%	314.52%	9.71%	34.33%	-7.36%	-68.72%	20.90%	8.06%	15.34%	47.06%	-42.63%	-18.96%	41.04%	73.11%	-8.30%	-35.34%	-5.77%	-70.97%	-22.27%	14.55%	-32.21%	53.68%	46.46%	112.26%	162.61%	113.55%	294.71%	165.56%	615.99%	35.20%	-43.27%	-44.54%	-87.55%	-37.05%	-36.73%	-18.94%	12.53%	28.27%	43.90%	36.85%	85.90%	205.69%	2438.31%	70.02%	-45.44%	-64.79%	-94.98%	-40.55%	28.89%	30.40%	34.25%
qoq	31.96%	160.24%	-20.20%	55.60%	-60.18%	-27.61%	76.51%	-23.74%	1.84%	115.33%	-23.92%	128.86%	-53.95%	-2.24%	33.24%	84.03%	75.86%	75.26%	-25.47%	129.15%	-54.36%	22.73%	222.93%	-39.35%	-44.11%	-15.37%	9.04%	134.39%	-50.04%	-9.66%	39.02%	-8.57%	-29.43%	57.23%	70.64%	-51.57%	-50.24%	129.13%	-47.43%	29.70%	-26.67%	35.60%	19.16%	23.60%	6.28%	67.77%	-3.10%	128.46%	-28.50%	352.32%	-81.70%	-4.15%	-30.09%	1.51%	-7.45%	-3.67%	-10.43%	40.93%	5.49%	8.07%	-14.82%	91.44%	73.47%	797.35%	-94.29%	-38.56%	11.93%	27.89%	-32.40%	33.20%	13.24%	31.67%
operating margin %	6.11%	3.74%	3.63%	3.97%	3.19%	6.49%	8.58%	5.39%	9.83%	10.14%	8.14%	10.38%	7.72%	11.93%	11.88%	10.10%	6.62%	4.35%	2.82%	3.66%	1.90%	4.50%	3.99%	1.05%	2.01%	3.19%	4.11%	3.53%	1.73%	2.76%	2.93%	3.05%	3.55%	4.87%	3.82%	2.26%	4.59%	7.69%	4.13%	7.11%	6.67%	8.53%	7.13%	6.20%	5.74%	5.67%	3.90%	3.86%	1.96%	2.61%	0.62%	3.33%	3.99%	5.49%	5.45%	5.61%	6.47%	7.03%	5.80%	5.65%	5.57%	6.80%	4.35%	3.02%	0.38%	5.66%	8.22%	7.11%	6.05%	8.94%	7.79%	7.31%	5.83%
other income	4,147,000	225,000	51,227,000	16,616,000	-18,313,000	12,959,000	7,233,000	13,955,000	10,035,000	-7,886,000	6,613,000	2,005,000	-78,000	-6,335,000	8,054,000	3,973,000	4,663,000		50,000	-1,471,000	2,017,000	-2,539,000	-841,000	-700,000	937,000	-416,000	1,589,000	176,750	-86,000	624,000	169,000
interest income	45,437,000	51,042,000																																																										19,250	19,000	26,000	32,000	54,000	50,000	154,000	218,000	239,000	327,000	454,000	538,000	575,000	69,000
interest expense	-64,483,000	-25,358,000	-24,931,000	-22,282,000	-13,402,000	-6,535,000	-17,354,000	-3,112,000	-6,246,000	-8,131,000	-1,863,000	-3,509,000	-1,288,000	-1,756,000	-3,938,000	-2,928,000	-1,531,000	-1,150,000	-804,000	-635,000	-607,000	-569,000	-674,000	-606,000	-518,000	-560,000	-552,000	-1,210,000	-1,271,000	-1,831,000	-2,378,000	-915,000	-558,000	-497,000	-330,000	-453,000	-417,000	-400,000	-324,000	-309,000	-277,000	-183,000	-196,000	-222,000	-156,000	-184,000	-195,000	-161,000	-142,000	-152,000	-155,000	-161,000	-189,000	-173,000	-194,000	-197,000	-161,000	-169,000	-159,000	-94,000	-66,000	-90,000	-133,000	-220,000	-208,000	-265,000	-237,000	-277,000	-248,000	-248,000	-252,000	-292,000	-369,000
income before income tax provision	610,969,000	500,207,000	208,552,000	222,725,000	115,065,000	375,048,000	499,078,000	299,329,000	382,103,000	355,447,000	177,260,000	225,251,000	97,716,000	207,091,000	224,239,000	166,258,000	92,909,000	49,292,000	28,374,000	36,975,000	18,465,000	34,257,000	28,931,000	8,122,000	15,965,000	26,839,000	33,902,000	27,203,000	11,502,000	24,534,000	26,284,000	18,270,000	21,806,000	31,311,000	19,901,000	11,426,000	24,048,000	48,750,000	21,203,000	40,501,000	31,192,000	42,738,000	31,465,000	26,337,000	21,326,000	20,066,000	11,865,000	12,291,000	5,300,000	7,463,000	1,542,000	9,039,000	9,410,000	13,565,000	13,337,000	14,415,000	15,018,000	16,770,000	11,870,000	11,316,000	10,487,000	12,303,000	6,359,000	3,558,000	257,000	7,163,000	11,821,000	10,540,000	8,350,000	12,442,000	9,472,000	8,395,000	5,861,000
income tax provision	-126,887,000	-99,151,000	-40,161,000			-56,969,000	-74,732,000			-61,503,000	-20,215,000	-31,302,000	-10,857,000	-29,573,000	-38,934,000			-7,599,000	-3,325,000			-5,108,000	-3,660,000			-2,113,000	-8,568,000	-4,344,000	-497,000	-4,520,000	-5,523,000	3,610,000	5,140,000	9,315,000	6,369,000	4,455,000	7,386,000	14,061,000	7,504,000	13,799,000	8,136,000	11,496,000	10,602,000	9,788,000	4,752,000	6,731,000	4,166,000	3,865,000	-1,740,000	2,549,000	643,000	3,529,000	2,333,000	4,791,000	4,845,000	3,684,000	4,322,000	5,201,000	4,653,000	3,601,000	2,754,000	4,699,000	2,496,000	1,200,000	-974,000	1,817,000	4,649,000	3,692,000	3,326,000	4,702,000	3,665,000	2,894,000	1,790,000
share of income from equity investee, net of taxes	-695,000	-492,000		-8,264,000	-445,000	2,517,000		-526,000	373,000	2,024,000		-380,000	-1,013,000	-1,351,000	-889,000	324,000	255,000	239,000	388,000				1,330,000
net income	483,387,000	400,564,000	168,285,000	195,154,000	108,777,000	320,596,000	424,327,000	297,244,000	402,459,000	295,968,000	156,995,000	193,569,000	85,846,000	176,167,000	184,416,000	140,822,000	76,972,000	41,932,000	25,437,000	39,162,000	18,428,000	27,674,000	26,601,000	18,450,000	15,807,000	23,706,000	26,345,000	23,710,000	10,646,000	18,220,000	19,342,000	14,660,000	16,666,000	21,996,000	13,532,000	6,971,000	16,662,000	34,689,000	13,699,000	26,702,000	23,056,000	31,242,000	20,863,000	16,549,000	16,574,000	13,335,000	7,699,000	8,426,000	7,040,000	4,914,000	899,000	5,510,000	7,077,000	8,774,000	8,492,000	10,731,000	10,696,000	11,569,000	7,217,000	7,715,000	7,733,000	7,604,000	3,863,000	2,358,000	1,231,000	5,346,000	7,172,000	6,848,000	5,024,000	7,740,000	5,807,000	5,501,000	4,071,000
yoy	344.38%	24.94%	-60.34%	-34.35%	-72.97%	8.32%	170.28%	53.56%	368.82%	68.00%	-14.87%	37.46%	11.53%	320.13%	624.99%	259.59%	317.69%	51.52%	-4.38%	112.26%	16.58%	16.74%	0.97%	-22.18%	48.48%	30.11%	36.21%	61.73%	-36.12%	-17.17%	42.94%	110.30%	0.02%	-36.59%	-1.22%	-73.89%	-27.73%	11.03%	-34.34%	61.35%	39.11%	134.29%	170.98%	96.40%	135.43%	171.37%	756.40%	52.92%	-0.52%	-43.99%	-89.41%	-48.65%	-33.84%	-24.16%	17.67%	39.09%	38.32%	52.14%	86.82%	227.18%	528.19%	42.24%	-46.14%	-65.57%	-75.50%	-30.93%	23.51%	24.49%	23.41%
qoq	20.68%	138.03%	-13.77%	79.41%	-66.07%	-24.45%	42.75%	-26.14%	35.98%	88.52%	-18.89%	125.48%	-51.27%	-4.47%	30.96%	82.95%	83.56%	64.85%	-35.05%	112.51%	-33.41%	4.03%	44.18%	16.72%	-33.32%	-10.02%	11.11%	122.71%	-41.57%	-5.80%	31.94%	-12.04%	-24.23%	62.55%	94.12%	-58.16%	-51.97%	153.22%	-48.70%	15.81%	-26.20%	49.75%	26.07%	-0.15%	24.29%	73.20%	-8.63%	19.69%	43.26%	446.61%	-83.68%	-22.14%	-19.34%	3.32%	-20.86%	0.33%	-7.55%	60.30%	-6.45%	-0.23%	1.70%	96.84%	63.83%	91.55%	-76.97%	-25.46%	4.73%	36.31%	-35.09%	33.29%	5.56%	35.13%
net income margin %	4.72%	3.16%	3.35%	3.39%	2.36%	5.65%	7.15%	5.55%	10.45%	8.08%	7.41%	8.86%	6.69%	9.77%	9.96%	8.61%	5.68%	3.58%	2.46%	3.66%	2.06%	3.33%	3.49%	2.06%	2.05%	2.72%	3.29%	2.78%	1.43%	1.96%	1.99%	2.18%	2.64%	3.37%	2.56%	1.33%	3.13%	5.43%	2.64%	4.66%	4.89%	6.21%	4.71%	3.87%	4.43%	3.74%	2.49%	2.61%	2.53%	1.69%	0.33%	2.00%	2.95%	3.51%	3.43%	4.12%	4.57%	4.80%	3.48%	3.83%	4.09%	4.18%	2.60%	1.91%	1.12%	4.16%	4.98%	4.60%	3.67%	5.65%	4.92%	4.96%	3.85%
net income per common share:
basic	810	670	280	330	180	540	720	-13,610	7,130	5,470	2,960	3,670	1,610	3,310	3,510	2,720	1,490	820	500	780	360	540	510	350	310	470	520	470	210	370	390	300	340	460	280	140	350	730	290	-1,627.81	490	680	460	-868.76	380	310	180	-309.5	170	120	20	-589.28	170	210	210	270	280	300	190	200	210	210	110	0.07	0.04	0.16	0.22	0.21	0.16	0.25	0.19	0.18	0.18
diluted	720	600	260	310	170	510	670	-12,610	6,560	5,100	2,750	3,430	1,530	3,140	3,350	2,620	1,430	780	480	740	350	520	490	340	290	460	510	450	210	360	370	280	320	430	260	130	320	670	270	-1,467.97	440	610	420	-818.84	350	300	170	-289.52	160	110	20	-549.33	160	200	190	240	250	270	170	180	180	190	100	0.06	0.03	0.14	0.18	0.17	0.13	0.2	0.15	0.14	0.13
weighted-average shares used for eps calculation
basic	600,205,000	598,004,000	595,624,000	593,665,000	595,041,000	592,507,000	589,558,000	555,878,000	56,478,000	54,135,000	53,093,000	52,925,000	53,280,000	53,160,000	52,598,000	51,478,000	51,708,000	51,314,000	50,796,000	51,157,000	50,553,000	51,499,000	52,329,000	50,987,000	51,526,000	50,181,000	50,274,000	49,917,000	49,988,000	49,844,000	49,704,000	48,383,000	48,445,000	48,124,000	48,165,000	47,917,000	48,047,000	47,651,000	47,517,000		46,824,000	46,131,000	45,473,000		43,992,000	42,915,000	42,496,000		42,147,000	41,893,000	41,667,000		41,126,000	40,555,000	40,356,000	38,132,000	38,268,864,000	37,543,015,000	37,223,866,000	35,883,640,000	36,219,222,000	35,539,085,000	34,945,516,000
diluted	692,189,000	693,989,000	663,235,000	628,402,000	621,809,000	636,047,000	639,148,000	602,146,000	61,431,000	58,078,000	57,185,000	55,970,000	56,233,000	56,144,000	55,017,000	53,615,000	53,786,000	53,511,000	52,916,000	53,507,000	53,218,000	53,584,000	54,426,000	52,838,000	53,693,000	52,009,000	51,704,000	51,716,000	51,558,000	50,810,000	52,218,000	51,679,000	51,918,000	51,521,000	51,120,000	51,836,000	52,238,000	51,489,000	51,352,000		52,008,000	51,091,000	49,687,000		47,424,000	45,039,000	44,602,000		44,148,000	43,431,000	44,174,000		44,610,000	43,816,000	43,395,000	42,396,000	42,853,955,000	41,619,344,000	41,431,066,000	40,735,336,000	41,733,900,000	39,830,349,000	39,207,218,000
share of loss from equity investee, net of taxes			-106,000				-19,000				-50,000													-266,500	-1,057,000	-1,020,000		851,000	-359,000	-1,794,000	-1,419,000
income tax benefit				-34,386,000	-5,843,000			-15,433,750	19,983,000							-6,779,000	-16,192,000			-2,135,250	227,000			-2,445,500	899,000
other expense																		-607,000
share of (loss) from equity investee, net of taxes																				-102,250	-264,000	-1,475,000
share of gain from equity investee, net of taxes																											1,011,000
interest and other income																																5,750	-51,000	45,000	29,000	40,000	20,000	24,000	87,000	23,000	21,000	36,000	35,000	19,000	10,000	46,000	17,000	24,000	2,000	7,000	15,000	8,000	9,000	20,000	17,000	10,000	21,000	15,000	20,000
provision for litigation loss																																																															1,089,000
net income per share
basic	810	670	280	330	180	540	720	-13,610	7,130	5,470	2,960	3,670	1,610	3,310	3,510	2,720	1,490	820	500	780	360	540	510	350	310	470	520	470	210	370	390	300	340	460	280	140	350	730	290	-1,627.81	490	680	460	-868.76	380	310	180	-309.5	170	120	20	-589.28	170	210	210	270	280	300	190	200	210	210	110	0.07	0.04	0.16	0.22	0.21	0.16	0.25	0.19	0.18	0.18
diluted	720	600	260	310	170	510	670	-12,610	6,560	5,100	2,750	3,430	1,530	3,140	3,350	2,620	1,430	780	480	740	350	520	490	340	290	460	510	450	210	360	370	280	320	430	260	130	320	670	270	-1,467.97	440	610	420	-818.84	350	300	170	-289.52	160	110	20	-549.33	160	200	190	240	250	270	170	180	180	190	100	0.06	0.03	0.14	0.18	0.17	0.13	0.2	0.15	0.14	0.13
shares used in per share calculation:
basic																																																																171,534	34,684,369	34,443,233	33,028,294	396,296	31,759,958	30,817,552	30,291,743	1,926,309	22,277,339
diluted																																																																-5,802	38,836,784	39,159,735	39,298,993	62,314	38,961,284	38,741,151	38,619,263	1,572,790	32,434,182
reversal of litigation loss
provision for (reversal of) litigation loss																																																																								-30,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31

assets
current assets:
cash and cash equivalents	1,290,324,000	4,091,083,000	4,196,867,000	5,169,911,000	2,536,101,000	1,430,002,000	2,088,718,000	1,669,766,000	2,115,476,000	725,660,000	543,156,000	440,459,000	362,801,000	304,595,000	238,268,000	267,397,000	247,424,000	247,407,000	270,047,000	232,266,000	177,894,000	315,610,000	300,089,000	210,533,000	300,859,000	309,038,000	239,300,000	248,164,000	169,735,000	109,783,000	105,761,000	110,606,000	107,779,000	128,752,000	146,696,000	180,964,000	176,406,000	169,892,000	110,894,000	95,442,000	109,245,000	83,201,000	117,512,000	96,872,000	101,714,000	89,883,000	111,458,000	93,038,000	93,974,000	88,398,000	58,323,000	80,826,000	88,861,000	102,377,000	92,280,000	69,943,000	68,096,000	87,216,000	83,519,000	72,644,000	66,731,000	82,275,000	73,598,000	70,295,000	62,702,000	60,297,000	64,774,000	51,481,000	41,354,000	45,400,000	50,315,000	50,864,000	20,828,000
accounts receivable	8,413,396,000	11,004,122,000	2,525,039,000	2,203,942,000	2,642,556,000	3,059,510,000	2,731,740,000	2,737,331,000	1,650,153,000	1,502,971,000	845,729,000	1,148,259,000	672,055,000	768,167,000	736,312,000	834,513,000	679,785,000	497,431,000	458,076,000	463,834,000	407,365,000	323,021,000	322,845,000	403,745,000	333,172,000	360,172,000	356,230,000	393,624,000	327,366,000	429,574,000	451,409,000	324,004,000	391,334,000	366,885,000	328,267,000	288,941,000	285,705,000	314,176,000	297,078,000	322,594,000	221,561,000	258,784,000	194,370,000	212,738,000	182,028,000	161,174,000	134,056,000	149,340,000	122,339,000	118,912,000	112,787,000	102,014,000	100,980,000	80,100,000	87,810,000	85,005,000	79,766,000	77,790,000	71,810,000	72,963,000	63,868,000	54,897,000	50,102,000	45,709,000	42,771,000	39,587,000	46,200,000	49,501,000	42,141,000	45,774,000	40,655,000	33,426,000	32,777,000
inventories	11,103,376,000	10,595,448,000	5,730,002,000	4,680,375,000	3,870,243,000	3,596,145,000	4,930,623,000	4,333,029,000	4,124,587,000	2,466,997,000	2,052,805,000	1,445,564,000	1,540,419,000	1,421,817,000	1,736,055,000	1,545,606,000	1,588,542,000	1,393,672,000	1,184,573,000	1,040,964,000	903,903,000	807,431,000	773,856,000	851,498,000	866,226,000	704,430,000	685,231,000	670,188,000	761,113,000	829,166,000	820,973,000	736,668,000																																	82,929,000	89,142,000	100,853,000	85,683,000	93,378,000	92,665,000	73,427,000	66,772,000	72,996,000
prepaid expenses and other current assets	761,190,000	433,944,000	209,426,000	247,426,000	464,689,000	581,413,000	100,503,000	191,834,000	173,716,000	146,727,000	129,144,000	145,144,000	139,900,000	154,924,000	169,245,000	158,799,000	162,964,000	154,778,000	124,259,000	130,195,000	150,488,000	98,211,000	82,731,000	126,985,000	148,102,000	147,055,000	139,570,000	109,795,000	97,857,000	122,110,000	117,547,000	89,213,000	13,485,000	13,738,000	13,402,000	13,435,000	9,416,000	8,553,000	7,796,000	7,516,000	5,477,000	5,384,000	4,709,000	6,237,000	5,420,000	5,504,000	4,923,000	6,819,000	6,512,000	5,889,000	6,258,000	6,357,000	5,416,000	5,477,000	4,941,000	4,447,000	3,675,000	3,162,000	3,732,000	2,328,000	1,939,000	1,947,000	1,748,000	1,723,000	1,488,000	3,368,000	1,628,000	1,837,000	2,014,000	2,055,000	1,893,000	1,759,000	5,339,000
total current assets	21,568,286,000	26,124,597,000	12,661,334,000	12,301,654,000	9,513,589,000	8,667,070,000	9,851,584,000	8,931,960,000	8,063,932,000	4,842,355,000	3,570,834,000	3,179,426,000	2,715,175,000	2,649,503,000	2,879,880,000	2,806,315,000	2,678,715,000	2,293,288,000	2,036,955,000	1,867,259,000	1,639,650,000	1,544,273,000	1,479,521,000	1,592,761,000	1,648,359,000	1,520,695,000	1,420,331,000	1,421,771,000	1,356,071,000	1,490,633,000	1,495,690,000	1,261,166,000	1,156,707,000	1,113,808,000	989,371,000	938,002,000	983,611,000	999,648,000	898,242,000	914,415,000	795,252,000	781,742,000	685,102,000	654,081,000	610,845,000	567,583,000	524,222,000	523,192,000	499,805,000	475,495,000	458,052,000	481,912,000	440,054,000	394,698,000	388,864,000	369,622,000	372,058,000	369,179,000	323,506,000	296,857,000	290,265,000	284,915,000	237,176,000	220,018,000	204,315,000	208,063,000	222,521,000	199,883,000	187,297,000	212,498,000	191,783,000	173,506,000	135,380,000
property, plant and equipment	607,659,000	538,584,000	520,712,000		492,565,000	477,492,000	451,060,000	414,008,000	385,566,000	297,102,000	291,669,000	290,240,000	290,038,000	289,255,000	290,752,000	285,972,000	282,319,000	280,282,000	284,148,000	274,713,000	265,566,000	255,406,000	241,852,000	233,785,000	230,477,000	220,551,000	212,489,000	207,337,000	203,442,000	198,252,000	198,158,000	195,576,000	195,553,000	193,670,000	190,848,000	187,949,000	179,622,000	173,192,000	169,149,000	163,038,000	153,332,000	142,660,000	133,067,000	130,589,000	128,504,000	128,072,000	96,767,000	95,912,000	95,442,000	96,712,000	97,121,000	97,419,000	96,301,000	96,051,000	81,289,000	74,438,000	69,639,000	68,842,000	68,736,000	62,691,000	44,396,000	44,822,000	44,556,000	44,960,000	45,461,000	45,766,000	46,017,000	45,602,000	45,564,000	44,398,000	32,758,000	31,089,000	31,165,000
deferred income taxes	632,715,000	655,367,000	617,257,000	607,416,000	481,216,000	441,250,000	411,723,000	365,172,000	330,248,000	218,274,000	185,675,000	162,654,000	148,558,000	95,741,000	89,155,000	69,929,000	66,518,000	61,837,000	63,269,000	63,288,000	57,624,000	55,781,000	55,122,000	54,898,000	45,562,000	42,015,000	41,711,000	41,126,000	33,776,000	32,004,000	28,300,000	39,119,000																																							6,438,000		3,440,000
other assets	643,369,000	683,062,000	586,734,000	604,871,000	251,155,000	142,536,000	137,016,000	114,952,000	83,035,000	47,269,000	47,786,000	42,409,000	38,833,000	37,246,000	37,144,000	37,532,000	38,847,000	36,736,000	37,160,000	32,126,000	32,363,000	34,750,000	35,173,000	34,499,000	35,838,000	22,718,000	24,459,000	10,659,000	12,593,000	13,195,000	13,259,000	10,577,000	14,040,000	7,480,000	8,053,000	8,546,000	8,158,000	8,751,000	6,147,000	5,226,000	3,843,000	3,403,000	2,828,000	2,854,000	2,815,000	3,123,000	4,185,000	3,241,000	3,312,000	3,003,000	3,078,000	3,390,000	5,227,000	3,256,000	11,982,000	12,171,000	11,525,000	2,494,000	2,569,000	202,000	138,000	135,000	146,000	119,000	120,000	125,000	125,000	127,000	128,000	273,000	566,000	364,000	262,000
total assets	23,452,029,000	28,001,610,000	14,386,037,000	14,018,429,000	10,738,525,000	9,728,348,000	10,851,383,000	9,826,092,000	8,862,781,000	5,405,000,000	4,095,964,000	3,674,729,000	3,192,604,000	3,074,942,000	3,301,283,000	3,205,077,000	3,071,177,000	2,676,602,000	2,426,693,000	2,241,964,000	1,998,840,000	1,894,072,000	1,816,693,000	1,918,646,000	1,960,236,000	1,807,039,000	1,701,273,000	1,682,594,000	1,607,252,000	1,736,137,000	1,739,125,000	1,515,130,000	1,404,456,000	1,349,856,000	1,220,581,000	1,165,600,000	1,181,113,000	1,192,638,000	1,081,987,000	1,089,809,000	960,961,000	935,041,000	828,275,000	796,325,000	750,541,000	708,731,000	635,799,000	632,257,000	608,052,000	583,567,000	566,545,000	589,103,000	548,118,000	499,997,000	488,179,000	464,620,000	461,899,000	448,974,000	403,587,000	370,762,000	343,771,000	337,798,000	296,353,000	283,135,000	267,750,000	271,579,000	286,532,000	264,385,000	253,654,000	258,161,000	225,998,000	205,583,000	166,807,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	3,686,991,000	13,753,207,000	1,279,667,000	1,281,977,000	643,050,000	549,323,000	1,682,968,000	1,472,381,000	1,092,445,000	1,261,533,000	1,084,058,000	776,831,000	641,839,000	559,962,000	785,025,000	655,403,000	779,561,000	695,180,000	564,628,000	612,336,000	465,012,000	396,288,000	333,359,000	417,673,000	462,808,000	392,537,000	332,173,000	360,470,000	331,983,000	459,592,000	466,011,000	396,895,000	348,733,000	341,940,000	287,638,000	249,239,000	277,279,000	321,232,000	263,223,000	299,774,000	261,603,000	283,768,000	222,556,000	219,354,000	205,246,000	205,758,000	165,660,000	172,855,000	163,607,000	149,441,000	140,084,000	173,991,000	142,156,000	115,859,000	123,601,000	113,340,000	128,542,000	143,996,000	113,067,000	95,416,000	103,491,000	112,624,000	86,349,000	73,532,000	60,507,000	65,556,000	86,872,000	80,962,000	79,756,000	94,614,000	70,144,000	61,453,000	66,177,000
accrued liabilities	830,007,000	548,179,000	313,393,000	565,637,000	344,679,000	229,147,000	308,777,000	259,674,000	290,370,000	214,462,000	152,500,000	163,865,000	155,224,000	169,866,000	213,521,000	212,419,000	181,448,000	171,010,000	175,221,000	178,850,000	153,742,000	141,698,000	121,710,000	155,401,000	177,148,000	137,365,000	132,292,000	114,678,000	112,951,000	112,159,000	112,604,000	112,824,000	70,893,000	74,331,000	60,843,000	55,618,000	54,132,000	56,170,000	50,169,000	46,743,000	44,391,000	42,929,000	35,704,000	37,564,000	32,372,000	35,929,000	31,650,000	34,122,000	33,070,000	32,015,000	31,290,000	30,401,000	28,927,000	27,638,000	25,173,000	24,780,000	23,236,000	25,951,000	23,683,000	19,432,000	18,198,000	17,837,000	15,344,000	13,918,000	16,284,000	16,960,000	19,551,000	14,790,000	14,295,000	13,015,000	14,548,000	14,074,000	14,348,000
income taxes payable	38,333,000	118,700,000	56,235,000	53,381,000	23,633,000	115,114,000	79,708,000	18,268,000	20,021,000	46,453,000	161,395,000	129,166,000	92,598,000	38,713,000	68,411,000	41,743,000	17,413,000	14,464,000	14,273,000	12,741,000	9,616,000	10,555,000	6,325,000	4,700,000	1,979,000	3,529,000	3,806,000	13,021,000	8,729,000	9,724,000	10,932,000	1,364,000	1,646,000	1,048,000	6,029,000	5,172,000	9,291,000	8,417,000	11,045,000	14,111,000	8,337,000	12,977,000	21,248,000	11,414,000	12,782,000	7,747,000	7,274,000	6,049,000	3,723,000	2,799,000	3,634,000	2,754,000	1,322,000	756,000	975,000	936,000	1,545,000	1,096,000	4,151,000	3,219,000	132,000	1,105,000			67,000	109,000	261,000	189,000
lines of credit and term loans	2,095,069,000
deferred revenue	1,472,235,000	774,846,000	597,322,000	368,737,000	352,803,000	309,238,000	305,840,000	193,052,000	233,293,000	193,334,000	166,025,000	134,667,000	148,747,000	120,530,000	185,225,000	111,313,000	114,688,000	142,021,000	113,683,000	101,479,000	96,123,000	99,509,000	104,247,000	106,157,000	109,730,000	115,059,000	97,597,000	94,153,000	87,746,000	78,547,000	70,036,000
total current liabilities	8,122,635,000	15,396,708,000	2,347,235,000	2,344,792,000	1,428,136,000	1,357,810,000	2,871,101,000	2,345,721,000	1,717,695,000	1,992,089,000	1,604,821,000	1,374,652,000	1,092,380,000	916,940,000	1,353,355,000	1,470,024,000	1,496,155,000	1,199,579,000	1,101,479,000	968,896,000	781,996,000	672,971,000	589,688,000	707,635,000	784,823,000	671,740,000	588,412,000	605,969,000	564,069,000	708,194,000	738,882,000	672,530,000	534,532,000	509,762,000	415,493,000	363,618,000	434,497,000	480,052,000	419,011,000	454,107,000	359,167,000	373,133,000	313,954,000	310,886,000	292,530,000	286,642,000	218,283,000	241,664,000	229,145,000	213,450,000	204,431,000	220,508,000	185,342,000	156,908,000	150,304,000	140,647,000	154,874,000	172,648,000	160,613,000	137,875,000	123,546,000	133,029,000	104,222,000	89,031,000	78,416,000	84,910,000	108,472,000	97,491,000	95,772,000	110,075,000	89,146,000	78,420,000	83,840,000
deferred revenue, non-current	663,410,000	527,909,000	430,682,000	362,645,000	312,994,000	289,414,000	252,342,000	223,324,000	203,198,000	190,342,000	174,478,000	169,781,000	161,176,000	159,574,000	134,625,000	122,548,000	115,063,000	110,531,000	101,749,000	100,838,000	93,920,000	95,396,000	97,576,000	97,612,000	95,752,000	100,553,000	104,293,000	109,266,000	105,584,000	103,242,000	97,721,000
lines of credit and term loans, non-current	2,018,675,000
convertible notes	4,659,357,000	4,654,623,000	4,649,889,000	4,645,178,000	2,385,320,000	1,700,638,000	1,699,177,000	1,697,716,000	1,696,255,000
other long-term liabilities	412,361,000	408,756,000	409,472,000	326,528,000	189,593,000	88,611,000	86,113,000	67,878,000	65,831,000	46,173,000	45,737,000	37,947,000	37,240,000	37,313,000	39,549,000	39,140,000	41,617,000	40,615,000	45,533,000	41,132,000	41,109,000	40,908,000	44,707,000	41,995,000	41,266,000	33,193,000	36,712,000	26,183,000	24,441,000	26,490,000	27,230,000	68,754,000	60,647,000	53,001,000	44,661,000	40,603,000	37,615,000	34,438,000	24,629,000	15,684,000	14,408,000	14,353,000	12,814,000	12,475,000	11,039,000	11,169,000	10,502,000	10,336,000	9,507,000	10,764,000	11,006,000	10,849,000	10,744,000	9,609,000	9,254,000	9,070,000	9,821,000	9,548,000	8,363,000	8,140,000	7,753,000	6,485,000	6,138,000	5,741,000	4,737,000	4,984,000	4,771,000	4,934,000	4,384,000	3,933,000	3,730,000
total liabilities	15,876,438,000	21,009,433,000	7,862,477,000	7,716,558,000	4,359,046,000	3,489,882,000	4,974,466,000	4,408,722,000	3,768,625,000	2,327,926,000	1,930,425,000	1,702,559,000	1,424,031,000	1,256,100,000	1,676,080,000	1,779,330,000	1,797,258,000	1,489,757,000	1,293,895,000	1,145,566,000	944,892,000	829,852,000	743,951,000	852,939,000	921,841,000	805,486,000	729,417,000	741,418,000	694,094,000	837,926,000	863,833,000	741,284,000	627,430,000	597,495,000	497,366,000	444,221,000	472,112,000	514,490,000	443,873,000	470,724,000	375,208,000	389,819,000	329,801,000	327,094,000	308,002,000	302,944,000	249,835,000	258,533,000	245,885,000	232,147,000	224,070,000	250,752,000	219,265,000	188,520,000	189,603,000	177,363,000	192,305,000	200,251,000	169,017,000	146,061,000	131,342,000	139,564,000	110,419,000	104,513,000	93,008,000	99,833,000	123,262,000	112,514,000	110,266,000	124,184,000	104,063,000	89,711,000	102,305,000
commitments and contingencies
stockholders’ equity:
common shares, ...																																																																					67,918,000
authorized shares: 1,000,000; issued and outstanding shares: 601,378 and 594,137 at march 31, 2026 and june 30, 2025, respectively	3,087,963,000
accumulated other comprehensive income	692,000	695,000	698,000	705,000	663,000	652,000	800,000	706,000	549,000	657,000	651,000	639,000	683,000	612,000	514,000	911,000	554,000	549,000	449,000	453,000								-80,000	-12,000	-72,000	-66,000
retained earnings	4,486,775,000	4,003,388,000	3,602,824,000	3,434,539,000	3,439,380,000	3,330,603,000	3,010,007,000	2,585,680,000	2,288,436,000	1,885,977,000	1,590,009,000	1,433,014,000	1,239,445,000	1,303,506,000	1,127,339,000	942,923,000	802,101,000	725,129,000	683,197,000	657,760,000	627,929,000	653,129,000	722,812,000	696,211,000	677,761,000	661,954,000	638,248,000	611,903,000	588,193,000	577,547,000	559,327,000	485,973,000	498,165,000	481,499,000	459,503,000	445,971,000	439,000,000	422,338,000	387,649,000	373,950,000	347,248,000	324,192,000	292,950,000	272,087,000	255,538,000	238,964,000	225,629,000	217,930,000	209,504,000	202,464,000	197,550,000	196,651,000	191,141,000	184,064,000	175,290,000	166,798,000	156,067,000	145,371,000	133,802,000	126,585,000	118,870,000	111,137,000	103,533,000	99,670,000	97,312,000	96,081,000	90,735,000	83,563,000	76,715,000	71,691,000	63,951,000	59,133,000	53,632,000
total super micro computer, inc. stockholders’ equity	7,575,430,000	6,992,015,000	6,523,390,000	6,301,693,000	6,379,319,000	6,238,307,000	5,876,754,000	5,417,206,000	5,093,993,000	3,076,910,000	2,165,378,000	1,972,005,000	1,768,407,000	1,818,677,000	1,625,036,000	1,425,575,000	1,273,743,000	1,186,668,000	1,132,622,000	1,096,225,000	1,053,780,000	1,064,047,000	1,072,573,000	1,065,540,000	1,038,229,000	1,001,388,000	971,694,000	941,015,000	912,998,000	898,054,000	875,135,000	773,676,000	776,860,000	752,200,000	723,026,000	721,195,000	708,828,000	677,988,000	637,947,000	618,921,000	585,580,000	545,054,000	498,296,000	469,056,000				373,543,000			342,309,000
non-controlling interest	161,000	162,000	170,000	178,000	160,000
total stockholders’ equity	7,575,591,000	6,992,177,000	6,523,560,000	6,301,871,000	6,379,479,000	6,238,466,000	5,876,917,000	5,417,370,000	5,094,156,000	3,077,074,000	2,165,539,000	1,972,170,000	1,768,573,000	1,818,842,000	1,625,203,000	1,425,747,000	1,273,919,000	1,186,845,000	1,132,798,000	1,096,398,000	1,053,948,000	1,064,220,000	1,072,742,000	1,065,707,000	1,038,395,000	1,001,553,000	971,856,000	941,176,000	913,158,000	898,211,000	875,292,000	773,846,000	777,026,000	752,361,000	723,215,000	721,379,000	709,001,000	678,148,000	638,114,000	619,085,000	585,753,000	545,222,000	498,474,000	469,231,000				373,724,000				338,351,000	328,853,000	311,477,000	298,576,000	287,257,000	269,594,000	248,723,000	234,570,000	224,701,000	212,429,000	198,234,000	185,934,000	178,622,000	174,742,000	171,746,000	163,270,000	151,871,000	143,388,000	133,977,000	121,935,000	115,872,000	64,502,000
total liabilities and stockholders’ equity	23,452,029,000	28,001,610,000	14,386,037,000	14,018,429,000	10,738,525,000	9,728,348,000	10,851,383,000	9,826,092,000	8,862,781,000	5,405,000,000	4,095,964,000	3,674,729,000	3,192,604,000	3,074,942,000	3,301,283,000	3,205,077,000	3,071,177,000	2,676,602,000	2,426,693,000	2,241,964,000	1,998,840,000	1,894,072,000	1,816,693,000	1,918,646,000	1,960,236,000	1,807,039,000	1,701,273,000	1,682,594,000	1,607,252,000	1,736,137,000	1,739,125,000	1,515,130,000	1,404,456,000	1,349,856,000	1,220,581,000	1,165,600,000	1,181,113,000	1,192,638,000	1,081,987,000	1,089,809,000	960,961,000	935,041,000	828,275,000	796,325,000				632,257,000			566,545,000	589,103,000	548,118,000	499,997,000	488,179,000	464,620,000	461,899,000	448,974,000	403,587,000	370,762,000	343,771,000	337,798,000	296,353,000	283,135,000	267,750,000	271,579,000	286,532,000	264,385,000	253,654,000	258,161,000	225,998,000	205,583,000	166,807,000
lines of credit and current portion of term loans		201,776,000	100,618,000	75,060,000	63,971,000	154,988,000	493,808,000	402,346,000	81,566,000
term loans, non-current		21,437,000	25,199,000	37,415,000	43,003,000
authorized shares: 1,000,000; issued and outstanding shares: 598,926 and 594,137 at december 31, 2025 and june 30, 2025, respectively		2,987,932,000
authorized shares: 1,000,000; issued and outstanding shares: 596,837 and 594,137 at september 30, 2025 and june 30, 2025, respectively			2,919,868,000
property, plant, and equipment				504,488,000
authorized shares: 1,000,000; issued and outstanding shares: 594,137 and 588,087 at june 30, 2025 and 2024, respectively				2,866,449,000
authorized shares: 1,000,000; issued and outstanding shares: 596,765 and 588,087 at march 31, 2025 and june 30, 2024, respectively					2,939,276,000
term loans						53,409,000	65,733,000	74,083,000	85,646,000
authorized shares: 1,000,000; issued and outstanding shares: 593,481 and 588,087 at december 31, 2024 and june 30, 2024, respectively						2,907,052,000
noncontrolling interest						159,000	163,000	164,000	163,000	164,000	161,000	165,000	166,000	165,000	167,000	172,000	176,000	177,000	176,000	173,000	168,000	173,000	169,000	167,000	166,000	165,000	162,000	161,000	160,000	157,000	157,000	170,000	166,000	161,000	189,000	184,000	173,000	160,000	167,000	164,000	173,000	168,000	178,000	175,000	174,000	168,000	175,000	181,000	175,000	168,000	166,000
authorized shares: 1,000,000; issued and outstanding shares: 590,997 and 588,087 at september 30, 2024 and june 30, 2024, respectively							2,865,947,000
authorized shares: 1,000,000; issued and outstanding shares: 588,087 and 529,014 at june 30, 2024 and 2023, respectively								2,830,820,000
authorized shares: 100,000; issued and outstanding shares: 58,552 and 52,901 at march 31, 2024 and june 30, 2023, respectively									2,805,008,000
short-term debt										276,307,000	40,843,000	170,123,000	53,972,000	27,869,000	101,173,000	449,146,000	403,045,000	176,904,000	233,674,000	63,490,000	57,503,000	24,921,000	24,047,000	23,704,000	33,158,000	23,250,000	22,544,000	23,647,000	22,660,000	48,172,000	79,299,000																				11,299,000	10,562,000	10,137,000	9,855,000					18,553,000	18,553,000
long-term debt										99,322,000	105,389,000	120,179,000	133,235,000	142,273,000	148,551,000	147,618,000	144,423,000	139,032,000	45,134,000	34,700,000	27,867,000	20,577,000	11,980,000	5,697,000									32,251,000	34,732,000	37,212,000
authorized shares: 100,000; issued and outstanding shares: 55,917 and 52,901 at december 31, 2023 and june 30, 2023, respectively										1,190,276,000
authorized shares: 100,000; issued and outstanding shares: 53,295 and 52,901 at september 30, 2023 and june 30, 2023, respectively											574,718,000
authorized shares: 100,000; outstanding shares: 52,901 and 52,311 at june 30, 2023 and 2022, respectively
issued shares: 52,901 and 52,311 at june 30, 2023 and 2022, respectively												538,352,000
authorized shares: 100,000; outstanding shares: 52,484 and 52,311 at march 31, 2023 and june 30, 2022, respectively
issued shares: 52,484 and 52,311 at march 31, 2023 and june 30, 2022, respectively													528,279,000
investment in equity investee														3,197,000	4,352,000	5,329,000	4,778,000	4,459,000	5,161,000	4,578,000	3,637,000	3,862,000	5,025,000	2,703,000		1,060,000	2,283,000	1,701,000	1,370,000	2,053,000	3,718,000	6,067,000
authorized shares: 100,000; outstanding shares: 53,400 and 52,311 at december 31, 2022 and june 30, 2022, respectively
issued shares: 53,400 and 52,311 at december 31, 2022 and june 30, 2022, respectively														514,559,000
authorized shares: 100,000; outstanding shares: 52,851 and 52,311 at september 30, 2022 and june 30, 2022, respectively
issued shares: 52,851 and 52,311 at september 30, 2022 and june 30, 2022, respectively															497,183,000
authorized shares: 100,000; outstanding shares: 52,311 and 50,582 at june 30, 2022 and 2021, respectively
issued shares: 52,311 and 50,582 at june 30, 2022 and 2021, respectively																481,741,000
authorized shares: 100,000; outstanding shares: 51,870 and 50,582 at march 31, 2022 and june 30, 2021, respectively
issued shares: 51,870 and 50,582 at march 31, 2022 and june 30, 2021, respectively																	471,088,000
authorized shares: 100,000; outstanding shares: 51,509 and 50,582 at december 31, 2021 and june 30, 2021, respectively
issued shares: 51,509 and 50,582 at december 31, 2021 and june 30, 2021, respectively																		460,990,000
authorized shares: 100,000,000; outstanding shares: 51,071,844 and 50,582,078 at september 30, 2021 and june 30, 2021, respectively
issued shares: 51,071,844 and 50,582,078 at september 30, 2021 and june 30, 2021, respectively																			448,976,000
authorized shares: 100,000,000; outstanding shares: 50,582,078 and 52,408,703 at june 30, 2021 and 2020, respectively
issued shares: 50,582,078 and 53,741,828 at june 30, 2021 and 2020, respectively																				438,012,000
treasury stock																							-50,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-20,491,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-2,030,000	-1,786,000
authorized shares: 100,000,000; outstanding shares: 50,036,368 and 52,408,703 at march 31, 2021 and june 30, 2020, respectively
issued shares: 50,036,368 and 53,741,828 at march 31, 2021 and june 30, 2020, respectively																					425,489,000
accumulated other comprehensive gain																					362,000	396,000	95,000
authorized shares: 100,000,000; outstanding shares: 50,651,054 and 52,408,703 at december 31, 2020 and june 30, 2020, respectively
issued shares: 50,651,054 and 53,741,828 at december 31, 2020 and june 30, 2020, respectively																						410,522,000
authorized shares: 100,000,000; outstanding shares: 51,765,627 and 52,408,703 at september 30, 2020 and june 30, 2020, respectively
issued shares: 54,241,046 and 53,741,828 at september 30, 2020 and june 30, 2020, respectively																							400,157,000
authorized shares: 100,000,000; outstanding shares: 52,408,703 and 49,956,288 at june 30, 2020 and june 30, 2019, respectively
issued shares: 53,741,828 and 51,289,413 at june 30, 2020 and 2019, respectively																								389,972,000
accumulated other comprehensive loss																								-152,000	-166,000	-135,000	-220,000					-77,000	-70,000	-83,000	-76,000	-85,000	-92,000	-96,000	-98,000	-80,000	-74,000	-79,000	-66,000	-63,000	-74,000	-70,000	-65,000	-69,000	-61,000	-52,000	-72,000	-76,000	-109,000	-109,000	-109,000	-204,000	-204,000	-204,000	-204,000	-204,000	-385,000	-385,000	-596,000	-801,000	-801,000	-876,000	-544,000	-451,000	-386,000
authorized shares: 100,000,000; outstanding shares: 51,915,646 and 49,956,288 at march 31, 2020 and june 30, 2019, respectively
issued shares: 53,248,771 and 51,289,413 at march 31, 2020 and june 30, 2019, respectively																									381,125,000
authorized shares: 100,000,000
issued shares: 51,923,260 and 51,289,413 at december 31, 2019 and june 30, 2019, respectively																										360,060,000
issued shares: 51,358,810 and 51,289,413 at september 30, 2019 and june 30, 2019, respectively																											354,157,000
issued shares: 51,289,413 and 50,914,571 at june 30, 2019 and 2018, respectively																												349,683,000
issued shares: 51,215,039 and 50,914,571 at march 31, 2019 and june 30, 2018, respectively																													345,308,000
issued shares: 51,136,062 and 50,914,571 at december 31, 2018 and june 30, 2018, respectively																														341,070,000
issued shares: 51,037,658 and 50,914,571 at september 30, 2018 and june 30, 2018, respectively																															336,365,000
prepaid income taxes																																675,000	1,795,000	5,164,000	1,019,000	5,682,000	14,913,000	2,209,000	2,391,000	7,507,000	7,291,000	6,907,000	9,578,000	5,555,000	5,426,000	4,592,000	4,493,000	4,039,000	4,191,000	4,338,000	3,929,000	3,478,000	4,032,000	2,270,000	4,053,000	7,207,000	5,485,000	4,755,000	3,665,000	2,737,000	3,620,000	608,000	2,121,000	3,256,000	5,838,000	7,166,000	357,000	2,661,000
long-term investments																																2,625,000	2,643,000	2,643,000	2,643,000	2,643,000	2,633,000	2,633,000	2,633,000	2,633,000	2,647,000	2,647,000	2,647,000	2,647,000	2,637,000	2,637,000	2,637,000	2,637,000	2,650,000	2,650,000	2,923,000	2,923,000	3,269,000	3,669,000	3,669,000	5,188,000	5,388,000	5,388,000	5,788,000	5,901,000	6,004,000	6,204,000	11,157,000	14,355,000	14,644,000	14,557,000	15,103,000	16,106,000	17,564,000
short-term debt and current portion of long-term debt, net of debt issuance costs																																161,447,000	113,260,000	92,443,000	60,983,000
issued shares: 50,273,527 and 48,999,717 at june 30, 2017 and 2016, respectively																																308,271,000
inventory																																	642,314,000	599,269,000	499,987,000	448,980,000	479,276,000	486,531,000	461,371,000	463,493,000	430,382,000	409,205,000	341,541,000	315,837,000	295,089,000	290,927,000	254,310,000	254,170,000	257,341,000	243,597,000	263,152,000	276,599,000	228,933,000	193,360,000	189,004,000	192,711,000	205,641,000	187,646,000	151,510,000	135,584,000	144,412,000	134,283,000	100,061,000	90,044,000
deferred income taxes-noncurrent																																	35,513,000	32,255,000	29,666,000	28,460,000	7,089,000	8,414,000	5,816,000	4,497,000	5,887,000	4,589,000	4,631,000	6,154,000	5,740,000	7,316,000	7,988,000	7,275,000	6,843,000	5,707,000	5,371,000	3,459,000	3,267,000	2,323,000	2,375,000	2,792,000	2,886,000	2,703,000	2,625,000	4,825,000	2,746,000	1,494,000	1,548,000	1,917,000	1,450,000	1,299,000	995,000	939,000	1,374,000	992,000	891,000	624,000	300,000
issued shares: 50,012,020 and 48,999,717 at march 31, 2017 and june 30, 2016, respectively																																	299,256,000
issued shares: 49,627,204 and 48,999,717 at december 31, 2016 and june 30, 2016, respectively																																		291,275,000
issued shares: 49,312,816 and 48,999,717 at september 30, 2016 and june 30, 2016, respectively																																			284,090,000
deferred income taxes-current																																					17,895,000	18,287,000	18,712,000	17,863,000	21,296,000	18,261,000	17,392,000	16,842,000	21,168,000	15,503,000	14,982,000	15,786,000	15,448,000	14,361,000	13,603,000	12,638,000	11,832,000	11,114,000	10,776,000	10,250,000	9,336,000	8,551,000	9,211,000	9,756,000	9,250,000	8,920,000	9,102,000	8,644,000	8,530,000	8,446,000	8,652,000	8,663,000				5,630,000
short-term debt and current portion of long-term debt																																				53,589,000	93,795,000	94,233,000	94,574,000	93,479,000	44,836,000	33,459,000	34,446,000	42,554,000	42,130,000	37,208,000	13,699,000	28,638,000	28,745,000	29,195,000
long-term debt-net of current portion																																				40,000,000			233,000	933,000	1,633,000	2,333,000	3,033,000	3,733,000	4,433,000	5,133,000	21,050,000	6,533,000	7,233,000	7,933,000	8,633,000	19,395,000	23,179,000	22,003,000	30,045,000	27,596,000	27,547,000	18,019,000						9,675,000	9,779,000	9,853,000	9,923,000	9,981,000	10,080,000	10,158,000	11,162,000	11,251,000	18,134,000
issued shares: 48,999,717 and 47,873,744 at june 30, 2016 and 2015, respectively																																				277,339,000
issued shares: 48,835,128 and 47,873,744 at march 31, 2016 and june 30, 2015, respectively																																					271,950,000
issued shares: 48,175,592 and 47,873,744 at december 31, 2015 and june 30, 2015, respectively																																						257,776,000
issued shares: 48,022,874 and 47,873,744 at september 30, 2015 and june 30, 2015, respectively																																							252,426,000
issued shares: 47,873,744 and 45,739,936 at june 30, 2015 and 2014, respectively																																								247,081,000
issued shares: 47,682,302 and 45,739,936 at march 31, 2015 and june 30, 2014, respectively																																									240,436,000
issued shares: 46,900,380 and 45,739,936 at december 31, 2014 and june 30, 2014, respectively																																										222,971,000
issued shares: 46,132,106 and 45,739,936 at september 30, 2014 and june 30, 2014, respectively																																											207,442,000
issued shares: 45,739,936 and 42,744,500 at june 30, 2014 and 2013, respectively																																												199,062,000
issued shares: 44,977,675 and 42,744,500 at march 31, 2014 and june 30, 2013, respectively																																													188,931,000
total super micro computer, inc. stockholders' equity																																													442,365,000	405,619,000	385,789,000		361,992,000	351,252,000
total stockholders' equity																																													442,539,000	405,787,000	385,964,000		362,167,000	351,420,000	342,475,000
total liabilities and stockholders' equity																																													750,541,000	708,731,000	635,799,000		608,052,000	583,567,000
issued shares: 43,588,516 and 42,744,500 at december 31, 2013 and june 30, 2013, respectively																																														168,755,000
issued shares: 43,151,300 and 42,744,500 at september 30, 2013 and june 30, 2013, respectively																																															162,255,000
issued shares: 42,744,500 and 42,034,416 at june 30, 2013 and 2012, respectively																																																157,712,000
issued shares: 42,663,276 and 42,034,416 at march 31, 2013 and june 30, 2012, respectively																																																	154,579,000
issued shares: 42,514,990 and 42,034,416 at december 31, 2012 and june 30, 2012, respectively																																																		150,870,000
current portion of long-term debt																																																			18,124,000	2,800,000	2,800,000	2,800,000	555,000	555,000	555,000	555,000						319,000	313,000	308,000	304,000	320,000	294,000	290,000	317,000	304,000	645,000
issued shares: 42,228,994 and 42,034,416 at september 30, 2012 and june 30, 2012, respectively																																																			146,861,000
issued shares: 42,034,416 and 40,727,562 at june 30, 2012 and 2011, respectively																																																				143,806,000
issued shares: 41,917,242 and 40,727,562 at march 31, 2012 and june 30, 2011, respectively																																																					139,851,000
issued shares: 41,098,223 and 40,727,562 at december 31, 2011 and june 30, 2011, respectively																																																						129,552,000
issued shares: 40,899,835 and 40,727,562 at september 30, 2011 and june 30, 2011, respectively																																																							125,425,000
short-term investments																																																								59,000	59,000	59,000	59,000	845,000	445,000	445,000	444,000	347,000	57,000	57,000	57,000	57,000	456,000	19,331,000	19,055,000	15,055,000
restricted cash																																																								409,000
advances from receivable financing arrangements																																																								1,000,000	957,000	1,012,000	1,110,000	1,193,000	1,690,000	1,426,000	1,401,000	1,220,000	1,202,000	1,936,000	1,438,000	1,173,000	1,379,000	896,000	905,000	982,000	944,000
current portion of capital lease obligations																																																								36,000	39,000	38,000	49,000	62,000	35,000	37,000	39,000	42,000	43,000	41,000	46,000	57,000	48,000	69,000	92,000	118,000	170,000
long-term capital lease obligations-net of current portion																																																								50,000	63,000	36,000	41,000	46,000	43,000	50,000	59,000	66,000	76,000	86,000	96,000	108,000	30,000	18,000	25,000	40,000	31,000
issued shares: 40,727,562 and 37,493,534 at june 30, 2011 and 2010, respectively																																																								122,693,000
restricted assets																																																									403,000	368,000	363,000	286,000			1,770,000	1,766,000	1,760,000	1,769,000	1,771,000	1,728,000	1,727,000
issued shares: 39,241,472 and 37,493,534 at march 31, 2011 and june 30, 2010, respectively																																																									115,761,000
issued shares: 38,127,447 and 37,493,534 at december 31, 2010 and june 30, 2010, respectively																																																										105,586,000
issued shares: 37,880,992 and 37,493,534 at september 30, 2010 and june 30, 2010, respectively																																																											103,002,000
issued shares: 37,493,534 and 35,218,284 at june 30, 2010 and 2009, respectively																																																												100,350,000
deferred stock-based compensation																																																															-40,000	-110,000	-231,000	-359,000	-502,000	-675,000	-859,000	-1,059,000	-1,267,000	-1,500,000
restricted assets-noncurrent																																																													222,000	228,000
issued shares: 37,040,866 and 35,218,284 and outstanding shares: 36,595,838 and 34,773,256 at march 31, 2010 and june 30, 2009, respectively																																																													95,974,000
restricted assets-current																																																														1,540,000
issued shares: 36,313,242 and 35,218,284 and outstanding shares: 35,868,214 and 34,773,256 at december 31, 2009 and june 30, 2009, respectively																																																														89,512,000
accrued litigation loss																																																															1,089,000
issued shares: 35,690,748 and 35,218,284 and outstanding shares: 35,245,720 and 34,773,256 at september 30, 2009 and june 30, 2009, respectively																																																															85,067,000
issued and outstanding shares: 35,218,284 and 32,668,731 at june 30, 2009 and 2008, respectively																																																																81,893,000
issued and outstanding shares: 35,136,423 and 32,668,731 at march 31, 2009 and june 30, 2008, respectively																																																																	80,492,000
issued and outstanding shares: 35,034,369 and 32,668,731 at december 31, 2008 and june 30, 2008, respectively																																																																		78,686,000
issued and outstanding shares: 33,431,329 and 32,668,731 at september 30, 2008 and june 30, 2008, respectively																																																																			73,581,000
issued and outstanding shares: 32,668,731 and 30,205,264 at june 30, 2008 and 2007, respectively																																																																				69,434,000
deferred income taxes - current																																																																					7,954,000	7,273,000
income tax payable																																																																						1,191,000	3,140,000	1,489,000	1,556,000
authorized shares: 100,000,000; issued and outstanding shares: 31,234,817 and 30,205,264 at december 31, 2007 and june 30, 2007, respectively																																																																						63,345,000
issued and outstanding shares: 30,377,834 and 30,205,264 at september 30, 2007 and june 30, 2007, respectively																																																																							59,251,000
issued and outstanding shares: 30,205,264 and 22,174,264 at june 30, 2007 and 2006, respectively																																																																								58,239,000
authorized shares: 40,000,000
issued and outstanding shares: 22,174,264 and 22,971,550 at june 30, 2006 and march 31, 2007, respectively																																																																									12,616,000
deferred stock compensation																																																																									-1,746,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30

operating activities:
net income	483,387,000	400,564,000	168,285,000	195,154,000	108,777,000	320,596,000	424,327,000	297,244,000	402,459,000	295,968,000	156,995,000	193,569,000	85,846,000	176,167,000	184,416,000	140,822,000	76,972,000	41,932,000	25,437,000	39,162,000	18,428,000	27,674,000	26,601,000	18,450,000	15,807,000	23,706,000	26,345,000	23,710,000	10,646,000	18,220,000	19,342,000	14,660,000	16,666,000	21,996,000	13,532,000	6,971,000	16,662,000	34,689,000	13,699,000	26,702,000	23,056,000	31,242,000	20,863,000	16,549,000	16,574,000	13,335,000	7,699,000	8,426,000	7,040,000	4,914,000	899,000	5,510,000	7,077,000	8,774,000	8,492,000	10,731,000	10,696,000	11,569,000	7,217,000	7,715,000	7,733,000	7,604,000	3,863,000	2,358,000	1,231,000	5,346,000	7,172,000	6,848,000	5,024,000	7,740,000	5,807,000	5,501,000
reconciliation of net income to net cash from operating activities:
depreciation and amortization	13,605,000	13,013,000	12,341,000	18,636,000					10,399,000	9,620,000	9,155,000	8,972,000	8,736,000	8,649,000	8,547,000	8,422,000	8,368,000	8,133,000	7,548,000	6,881,000	6,877,000	6,910,000	7,517,000	7,500,000	7,083,000	7,063,000	6,826,000	6,017,000	6,076,000	6,163,000	5,946,000	4,589,000	4,057,000	3,909,000	3,802,000	3,744,000	3,585,000	3,200,000	2,753,000	2,203,000	2,085,000	1,998,000	1,847,000	1,774,000	1,670,000	1,527,000	1,393,000	1,935,000	1,926,000	2,019,000	1,955,000	1,957,000	1,967,000	1,612,000	1,535,000	1,463,000	1,386,000	1,322,000	1,282,000	1,203,000	1,178,000	1,117,000	1,121,000	1,010,000	955,000	876,000	812,000	743,000	784,000	600,000	537,000	461,000
amortization of right-of-use (“rou”) assets	9,327,000	9,404,000	8,266,000
amortization of debt discount and issuance costs	7,656,000	4,763,000	4,743,000
inventory valuation adjustment write-down	70,155,000
stock-based compensation expense	125,934,000	90,485,000	89,139,000	83,612,000	84,704,000	82,122,000	64,014,000	74,960,000	56,107,000	43,061,000	57,379,000	12,786,000	13,652,000	16,981,000	11,014,000	8,884,000	7,741,000	9,176,000	7,015,000	7,432,000	7,494,000	6,453,000	7,170,000	5,366,000	4,805,000	4,964,000	5,054,000	5,103,000	4,960,000	5,247,000	5,874,000	5,619,000	4,833,000	4,709,000	4,504,000	4,363,000	3,886,000	4,006,000	3,876,000	3,972,000	3,566,000	3,181,000	2,980,000	2,879,000	2,806,000	2,788,000	2,589,000	2,699,000	2,850,000	2,909,000	2,903,000	2,822,000	2,593,000	2,507,000	2,330,000	2,334,000	2,068,000	1,830,000	1,824,000	1,679,000	1,540,000	1,711,000	1,527,000	1,683,000	1,433,000	1,336,000	1,209,000	1,319,000	1,041,000	938,000	870,000	757,000
impairment loss	0	1,747,000	12,000,000
share of loss from equity investee	695,000	492,000	106,000				19,000	526,000	-373,000	-2,024,000	50,000	380,000	1,013,000	1,351,000	889,000		-255,000			-582,000				-3,468,000	1,057,000	1,020,000	-1,011,000	-851,000	359,000	1,794,000	1,419,000
unrealized foreign currency exchange loss	-4,587,000	1,176,000	-1,017,000	16,090,000	3,042,000	-1,224,000	924,000
loss on extinguishment of convertible notes				0
deferred income taxes	20,955,000	-39,674,000	-12,201,000	-80,237,000	-58,323,000	-29,526,000	-46,552,000	-24,014,000	-88,865,000	-32,599,000	-23,021,000	-14,340,000	-52,817,000	-6,586,000	-19,226,000	-3,587,000	-4,681,000	1,432,000	19,000	-5,664,000	-1,843,000	-659,000	-224,000	-9,336,000	-3,547,000	-304,000	-585,000	-7,349,000	-1,772,000	-3,704,000	-4,275,000	1,564,000	-3,207,000	-2,609,000	-1,182,000	-3,476,000	1,723,000	-2,159,000	-2,221,000	4,829,000	-4,318,000	-852,000	973,000	3,912,000	-4,089,000	151,000	91,000	-805,000	-2,223,000	-1,112,000	-2,870,000	-1,055,000	-1,661,000	-251,000	-170,000	-820,000	-968,000	582,000	2,745,000	-2,702,000	-1,582,000	100,000	-223,000	-851,000	-282,000	116,000	15,000	-223,000	-813,000	-936,000	-1,075,000	-3,114,000
other non-cash income	403,000	-1,166,000	-7,539,000
changes in operating assets and liabilities:
accounts receivable	2,582,997,000	-8,471,584,000	-321,244,000	438,559,000	414,156,000	-334,662,000	15,288,000	-1,081,317,000	-153,185,000	-657,186,000	302,501,000	-477,791,000	97,859,000	-26,820,000	94,855,000	-155,134,000	-182,973,000	-39,350,000	5,859,000	-56,289,000	-84,192,000	121,000	81,035,000	-65,958,000	25,491,000	-3,896,000	37,340,000	-70,205,000	100,664,000	20,952,000	33,616,000	-46,451,000	-24,704,000	-38,901,000	-39,399,000	-3,500,000	28,262,000	-17,805,000	25,418,000	-101,165,000	36,942,000	-64,381,000	18,422,000	-30,802,000	-21,162,000	-27,345,000	14,435,000	-27,234,000	-4,048,000	-6,063,000	-10,910,000	4,557,000	-22,315,000	6,469,000	-5,937,000	-7,940,000	-3,002,000	-7,935,000	-288,000	-10,876,000	-11,055,000	-6,040,000	-5,365,000	-3,866,000	-3,957,000	5,339,000	1,729,000	-9,001,000	2,136,000	-6,631,000	-8,544,000	-2,175,000
inventories	-580,741,000	-5,001,809,000	-1,087,010,000	-813,503,000	-275,748,000	1,331,362,000	-597,717,000	-220,973,000	-1,657,590,000	-414,192,000	-607,241,000	126,296,000	-124,620,000	298,440,000	-200,074,000	41,721,000	-205,054,000	-209,312,000	-147,087,000	-139,022,000	-99,576,000	-36,217,000	78,544,000	14,448,000	-165,671,000	-25,089,000	-23,371,000	82,564,000	57,611,000	-12,844,000	-8,017,000																														-10,788,000				5,725,000	11,959,000	-15,745,000	7,512,000	-7,380,000	-19,238,000	-6,655,000	6,224,000
prepaid expenses and other assets	-322,883,000	-192,942,000	134,087,000	55,249,000	114,413,000	-485,543,000	86,774,000	-18,973,000	-29,016,000	-16,647,000	19,990,000	-6,775,000	14,570,000	12,509,000	-11,991,000	3,956,000	-8,269,000	-30,590,000	6,109,000	19,748,000	-52,465,000	-16,298,000	43,724,000	4,921,000	660,000	-4,362,000	-31,088,000	-17,982,000	30,370,000	-3,806,000	-172,000	-4,656,000	859,000	476,000	465,000	-4,454,000	503,000	-3,012,000	-1,247,000	-3,416,000	-118,000	-754,000	1,547,000	-799,000	-11,000	468,000	960,000	-236,000	-530,000	402,000	297,000	1,057,000	-1,900,000	-473,000	-340,000	-493,000	-524,000	645,000	-3,772,000	-453,000	5,000	-188,000	-156,000
accounts payable	-10,059,838,000	12,465,867,000	901,000	630,722,000	95,226,000	-1,127,269,000	220,353,000	369,577,000	-170,000,000	176,640,000	302,973,000	136,255,000	81,788,000	-223,210,000	132,302,000	-122,886,000	89,843,000	137,531,000	-54,343,000	144,008,000	70,597,000	60,408,000	-85,704,000	-43,991,000	71,465,000	57,280,000	-24,865,000	28,214,000	-131,515,000	-5,385,000	-64,724,000	31,553,000	6,993,000	53,412,000	43,362,000	-31,125,000	-43,914,000	58,390,000	-37,652,000	36,808,000	-21,304,000	57,885,000	2,131,000	13,806,000	542,000	39,682,000	-7,732,000	7,394,000	15,492,000	9,594,000	-34,688,000	31,912,000	27,537,000	-8,032,000	9,919,000	-15,862,000	-15,305,000	30,526,000	17,574,000	-8,155,000	-8,776,000	25,895,000	12,876,000	13,298,000	-5,456,000	-20,865,000	6,109,000	1,544,000	-14,195,000	24,203,000	7,072,000	-4,690,000
accrued liabilities	272,577,000	219,689,000	-259,350,000	219,690,000	112,368,000	-85,628,000	25,974,000	-30,995,000	74,958,000	61,998,000	-13,019,000	12,328,000	-18,547,000	-44,100,000	8,000	31,247,000	7,151,000	-1,177,000	-1,330,000	30,512,000	14,812,000	15,838,000	-36,457,000	-22,059,000	32,114,000	5,117,000	12,693,000	1,750,000	859,000	-376,000	9,223,000	13,991,000	-4,670,000	13,242,000	4,992,000	3,326,000	-4,014,000	6,029,000	3,686,000	2,803,000	1,953,000	6,698,000	-1,903,000	5,060,000	-3,527,000	4,967,000	-3,207,000	1,116,000	1,065,000	767,000	1,436,000	1,701,000	1,921,000	2,175,000	-830,000	1,544,000	-2,715,000	2,268,000	4,251,000	1,234,000	361,000	2,494,000	1,425,000	-2,366,000	-676,000	-2,591,000	4,761,000	495,000	1,280,000	-1,533,000	494,000	-236,000
income taxes payable	-79,617,000	63,063,000	4,978,000	26,678,000	-91,480,000	35,405,000	61,440,000	-11,073,000	-17,111,000	-114,942,000	32,229,000	36,568,000	53,885,000	-29,698,000	26,668,000	24,330,000	2,949,000	191,000	1,532,000	3,125,000	-939,000	4,230,000	1,625,000	2,721,000	-1,550,000	-277,000	-9,215,000	4,293,000	-995,000	-1,208,000	3,741,000	-3,384,000	4,687,000	-8,490,000	5,314,000	5,323,000	-9,233,000	-2,316,000	2,966,000	6,137,000	500,000	-1,412,000	6,726,000	1,001,000	7,202,000	836,000	1,841,000	2,547,000	1,264,000	-571,000	1,250,000					4,947,000	3,007,000	-3,267,000	1,000,000							-3,747,000	4,450,000
deferred revenue	832,889,000	274,751,000	296,622,000	65,585,000	67,145,000	40,470,000	141,806,000	-20,116,000	52,815,000	43,173,000	36,055,000	-5,475,000	29,819,000	-39,746,000	85,989,000	4,110,000	-22,801,000	37,120,000	13,115,000	12,274,000	-4,862,000	-6,918,000	-1,946,000	-1,713,000	-10,129,000	13,721,000	-1,529,000	10,090,000	11,541,000	14,031,000	24,138,000
other long-term liabilities	11,660,000	5,362,000	3,171,000	-2,500,000	1,341,000	2,553,000	1,520,000	2,621,000	5,340,000	130,000	-46,000	-541,000	-843,000	-2,881,000	-159,000	-1,665,000	-1,475,000	-5,956,000	-1,461,000	-925,000	-55,000	-4,397,000	1,157,000	458,000	-4,805,000	-4,508,000	854,000	1,741,000	-2,049,000	-741,000	1,165,000	3,574,000	1,923,000	8,337,000	4,105,000	3,041,000	3,084,000	9,800,000	8,949,000	1,346,000	22,000	1,506,000	158,000	1,375,000	-218,000	627,000	170,000	784,000	-1,252,000	-270,000	172,000	111,000	1,138,000	365,000	143,000	-751,000	273,000	1,185,000	223,000	387,000	1,268,000	347,000	397,000	1,004,000	-247,000	213,000	-163,000	264,000	451,000	203,000	2,741,000
net cash from operating activities	-6,615,426,000	-23,898,000	-917,523,000	863,613,000	626,764,000	-239,757,000	408,904,000	-641,814,000	-1,519,538,000	-595,085,000	270,465,000	-9,339,000	198,245,000	161,087,000	313,587,000	-25,143,000	-227,936,000	-53,151,000	-134,571,000	63,563,000	-124,410,000	63,247,000	120,555,000	-96,050,000	-21,437,000	81,593,000	5,560,000	81,854,000	99,598,000	43,440,000	37,662,000	-5,916,000	-35,402,000	-43,827,000	-11,043,000	14,683,000	5,904,000	66,616,000	20,306,000	-53,700,000	17,751,000	-35,733,000	27,046,000	-5,936,000	-5,921,000	88,000	18,307,000	14,000	7,966,000	32,157,000	-26,554,000	-2,561,000	-17,862,000	11,753,000	25,137,000	10,242,000	-22,661,000	3,976,000	16,923,000	6,008,000	-19,708,000	1,867,000	9,659,000	8,371,000	3,458,000	-2,716,000	12,706,000	9,191,000	776,000	4,536,000	3,999,000	5,422,000
capital expenditures	-80,278,000	-21,221,000	-32,270,000	0	-32,700,000	-27,536,000	-44,300,000	-13,983,000	-92,945,000	-14,720,000	-2,631,000	-8,175,000	-7,987,000	-9,885,000	-10,746,000	-11,025,000	-10,951,000	-12,404,000	-10,802,000	-13,389,000	-19,076,000	-13,700,000	-11,851,000	-9,452,000	-10,797,000	-10,764,000	-13,325,000	-9,068,000	-6,475,000	-6,135,000	2,652,000	-6,095,000	-6,390,000	-4,471,000	-7,576,000	-5,416,000	-7,935,000	-7,942,000	-1,927,000	-16,148,000	-8,969,000	-3,367,000	210,000	-3,822,000	-3,659,000	-30,953,000	-112,000	1,036,000	-2,456,000	-1,957,000	247,000	-3,229,000	-4,690,000	-9,925,000	-6,221,000	-4,981,000	-2,435,000	-622,000	-6,682,000	-19,358,000	-1,467,000	-614,000	-293,000	-1,075,000	165,000	-1,235,000	-969,000	-1,367,000	-3,169,000	-11,781,000	1,117,000	0
free cash flows	-6,695,704,000	-45,119,000	-949,793,000	863,613,000	594,064,000	-267,293,000	364,604,000	-655,797,000	-1,612,483,000	-609,805,000	267,834,000	-17,514,000	190,258,000	151,202,000	302,841,000	-36,168,000	-238,887,000	-65,555,000	-145,373,000	50,174,000	-143,486,000	49,547,000	108,704,000	-105,502,000	-32,234,000	70,829,000	-7,765,000	72,786,000	93,123,000	37,305,000	40,314,000	-12,011,000	-41,792,000	-48,298,000	-18,619,000	9,267,000	-2,031,000	58,674,000	18,379,000	-69,848,000	8,782,000	-39,100,000	27,256,000	-9,758,000	-9,580,000	-30,865,000	18,195,000	1,050,000	5,510,000	30,200,000	-26,307,000	-5,790,000	-22,552,000	1,828,000	18,916,000	5,261,000	-25,096,000	3,354,000	10,241,000	-13,350,000	-21,175,000	1,253,000	9,366,000	7,296,000	3,623,000	-3,951,000	11,737,000	7,824,000	-2,393,000	-7,245,000	5,116,000	5,422,000
investing activities:
purchases of property, plant, and equipment	-80,278,000	-21,221,000	-32,270,000
investment in equity securities	-17,000,000							-48,000,000	-16,489,000
net cash from investing activities	-97,278,000	-46,221,000	-32,270,000	-78,678,000	-32,700,000	-27,536,000	-44,300,000	-62,279,000	-109,434,000	-14,904,000	-7,631,000	-10,868,000	-7,987,000	-9,885,000	-10,746,000	-11,025,000	-10,951,000	-12,404,000	-11,902,000	-13,389,000	-19,076,000	-13,700,000	-11,851,000	-9,452,000	-10,797,000	-10,014,000	-13,325,000	-9,068,000	-6,475,000	-6,135,000	-3,171,000	-6,149,000	-5,897,000	-6,129,000	-11,530,000	-8,990,000	-10,499,000	-7,974,000	-7,665,000	-10,461,000	-14,023,000	-8,937,000	-2,756,000	-3,783,000	-2,414,000	-32,002,000	-1,962,000	-660,000	-1,951,000	-1,582,000	-920,000	-2,913,000	-3,060,000	-7,392,000	-6,354,000	-6,372,000	-11,341,000	-630,000	-6,427,000	-19,501,000	636,000	4,299,000	2,764,000	-809,000	-198,000	-1,090,000	-618,000	719,000	-3,878,000	-11,829,000	-4,620,000	-15,476,000
financing activities:
proceeds from lines of credit and term loans	3,996,465,000	210,212,000	28,588,000	30,000,000	51,214,000	121,743,000	1,185,034,000	337,679,000
repayment of lines of credit and term loans	-101,677,000	-111,851,000	-11,540,000	-37,284,000	-157,307,000	-467,881,000	-1,106,178,000	-27,955,000
payment of debt issuance costs	-13,698,000
proceeds from exercise of stock options	5,422,000	5,003,000	7,922,000	6,446,000	7,583,000	342,000	6,527,000	4,339,000												8,043,000	9,577,000	5,747,000	5,020,000	5,290,000	20,349,000							1,755,000	3,250,000	2,934,000	2,939,000	1,525,000	8,222,000	1,488,000	951,000	2,267,000	8,326,000	8,260,000	4,485,000	4,774,000	14,369,000	3,250,000	1,535,000	399,000	666,000	421,000	359,000	855,000	5,768,000	1,315,000	611,000	4,310,000	4,819,000	548,000	594,000	1,239,000	3,028,000	1,381,000	703,000	122,000	200,000	698,000	1,037,000	515,000	1,097,000	1,030,000	290,000	666,000
payment for withholding taxes related to settlement of equity awards	-31,325,000	-27,424,000	-43,642,000	-23,497,000	-41,924,000	-41,499,000	-35,537,000
debt issuance costs in connection with amended 2029 convertibles notes				0
proceeds from issuance of 2028 convertible notes, net of issuance costs of 16,304				0
proceeds related to receivables purchase agreement
other	-40,000	7,000	7,000	-5,551,000	9,702,000	-779,000	-3,346,000	9,157,000	486,000	43,000	2,657,000	-19,000	-219,000	-124,000	-306,000	-639,000	-38,000	1,040,000	5,000	-252,000	-93,000	20,000	-719,000	259,000	524,000	292,000	289,000	-190,000	1,048,000	-134,000	9,000
net cash from financing activities	3,859,338,000	66,162,000	-18,665,000	1,849,427,000	512,052,000	-387,288,000	49,854,000	258,941,000	3,020,589,000	792,135,000	-159,941,000	98,998,000	-131,470,000	-84,638,000	-331,183,000					4,005,000	5,252,000	-34,370,000	-19,327,000	-1,585,000	27,457,000	-361,000	-1,715,000	115,000	-26,619,000	-31,671,000	-37,653,000	17,261,000	19,615,000	32,882,000	-12,034,000	-16,000	9,875,000	673,000	2,613,000	50,078,000	22,786,000	10,529,000	-3,342,000	4,300,000	20,502,000	10,623,000	1,797,000	-325,000	10,000	-672,000	4,749,000	-2,489,000	6,923,000	5,749,000	3,634,000		14,882,000	351,000	379,000		3,528,000	2,511,000	-9,120,000	31,000	-855,000	-671,000	1,205,000	217,000	-944,000	2,378,000	72,000	40,090,000
effect of exchange rate fluctuations on cash	-393,000	-1,573,000	-4,588,000	847,000	-11,000	-3,663,000	4,500,000	-557,000	-1,804,000	373,000	-203,000	-1,131,000	-576,000	-221,000	-1,472,000	-374,000	-295,000	2,000	-11,000	198,000	-178,000	355,000	185,000	213,000	-12,000	213,000	-38,000	-31,000	13,000	-29,000	-72,000	-225,000	711,000	-870,000	339,000	-1,119,000	1,234,000	-317,000	198,000	280,000	-470,000	-170,000	-308,000	577,000	-336,000	-284,000	278,000	35,000	-449,000	172,000	222,000	-72,000	483,000
net increase in cash, cash equivalents and restricted cash			-973,046,000	2,635,209,000	1,106,105,000	-658,244,000	418,958,000	-445,709,000	1,389,813,000	182,519,000	102,690,000	77,660,000	58,212,000	66,342,000	-29,813,000		10,000	-22,642,000	37,778,000		-138,412,000	15,532,000	89,562,000		-4,789,000				66,517,000	5,605,000	-3,234,000
cash, cash equivalents and restricted cash at the beginning of the period	0	0	5,172,301,000		0	0	1,670,273,000		0	0	440,960,000		0	0	268,559,000		0	0	233,449,000		0	0	212,390,000		0	0	262,140,000
cash, cash equivalents and restricted cash at the end of the period	-2,853,759,000	-5,530,000	4,199,255,000			-658,244,000	2,089,231,000		1,389,813,000	182,519,000	543,650,000		58,212,000	66,342,000	238,746,000		10,000	-22,642,000	271,227,000		-138,412,000	15,532,000	301,952,000		-4,789,000	71,431,000	252,622,000
supplemental disclosure of cash flow information:
cash paid for interest						7,552,000	11,454,000			7,130,000	2,214,000																				1,673,000	747,000	586,000	433,000	316,000	496,000	443,000	395,000	298,000	284,000	267,000	180,000	202,000	224,000	155,000	178,000	200,000	167,000	142,000	152,000	257,000	76,000	169,000	189,000	187,000	195,000	155,000	167,000	132,000	81,000	66,000	91,000	133,000	239,000	189,000	265,000	237,000	277,000	248,000	248,000	252,000	480,000
cash paid for taxes, net of refunds						53,693,000	3,336,000			208,789,000	8,999,000																				3,522,000	5,851,000	4,954,000	18,792,000	1,212,000	2,389,000	14,926,000	13,900,000	5,736,000	3,216,000	11,991,000	12,341,000	3,123,000	4,156,000	2,100,000	5,033,000	1,807,000	1,281,000	345,000	4,474,000	1,974,000	2,154,000	2,816,000	2,851,000	634,000	307,000	2,033,000	6,798,000	675,000
non-cash investing and financing activities:
unpaid property, plant and equipment purchases																															5,823,000
rou assets obtained in exchange for operating lease commitments
transfer of inventory to property, plant and equipment
net decrease in cash, cash equivalents and restricted cash																											-9,518,000
excess and obsolete inventories write-down			36,199,000
other non-cash expense
acquisition, net of cash acquired
stock repurchases												-3,472,000								-12,032,000	-43,144,000	-46,371,000	-28,453,000
issuances of common stock in public offerings, net of issuance costs of 42,575
proceeds from issuance of 2029 convertible notes, net of issuance costs of 29,232
proceeds from issuance of 2030 convertible notes, net of issuance costs of 44,027
purchase of capped calls								0
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents and restricted cash at end of year
unpaid property, plant, and equipment purchases
right of use (“rou”) assets obtained in exchange for operating lease commitments
transfer of inventory to property, plant, and equipment
share of income from equity investee					445,000														-388,000			1,475,000	-1,330,000
purchases of property, plant and equipment					-32,700,000	-27,536,000	-44,300,000	-13,983,000	-92,945,000	-14,720,000	-2,631,000	-8,175,000	-7,987,000	-9,885,000	-10,746,000	-11,025,000	-10,951,000	-12,404,000	-10,802,000	-13,389,000	-19,076,000	-13,700,000	-11,851,000	-9,452,000	-10,797,000	-10,764,000	-13,325,000	-9,068,000	-6,475,000	-6,135,000	-3,171,000	-6,095,000	-5,898,000	-5,726,000	-11,646,000	-8,988,000	-9,885,000	-7,573,000	-7,662,000	-10,463,000	-13,606,000	-8,265,000	-2,766,000	-3,788,000	-2,823,000	-32,008,000	-1,948,000	-655,000	-1,556,000	-1,871,000	-919,000	-3,152,000	-3,450,000	-10,215,000	-8,045,000	-5,641,000	-2,286,000	-1,025,000	-7,250,000	-19,438,000	-1,110,000	-1,003,000	-672,000	-802,000	-242,000	-1,092,000	-1,425,000	-1,029,000	-2,506,000	-11,970,000	-580,000
issuances of common stock in public offerings, net of issuance costs of 42,567
depreciation, amortization and non-cash interest						14,883,000	14,080,000
issuances of common stock in public offerings, net of issuance costs of 23,752
unrealized foreign currency exchange gain								-249,000
payment of other fees for debt financing																												-250,000
payment of withholding tax on vesting of restricted stock units								-55,069,000	-78,391,000	-15,593,000	-25,301,000	-8,755,000	-8,938,000	-6,788,000	-3,716,000	-3,274,000	-2,006,000	-2,732,000	-2,069,000	-2,941,000	-2,062,000	-1,713,000	-2,005,000	-1,809,000	-2,860,000	-2,994,000	-580,000	-728,000	-722,000	-542,000	-1,059,000
issuances of common stock in public offerings, net of issuance costs
proceeds from issuance of 2029 convertible notes, net of issuance costs
foreign currency exchange loss															-9,203,000	-5,590,000	-5,419,000			1,385,000	-1,808,000	2,287,000	618,000	697,000	-117,000	989,000	-561,000	-21,000	-180,000	-290,000	178,000
proceeds from borrowings												929,534,000	20,289,000	64,896,000	79,141,000
repayment of debt										-638,049,000	-138,938,000	-823,945,000	-5,784,000	-149,925,000	-414,737,000	-159,900,000	-113,500,000	-277,819,000	-89,476,000	-53,329,000	-6,763,000	-266,000	-271,000					0	0	-31,800,000	-35,900,000	-20,600,000	-23,300,000	-26,519,000	-70,033,000	-10,400,000	-10,400,000	-10,400,000	-2,900,000	-700,000	-20,900,000	-5,900,000	-8,500,000	-700,000	-4,220,000	-700,000	-700,000	-700,000	-700,000	-1,100,000	-15,573,000	-4,287,000	-700,000			-139,000	-139,000
proceeds from exercise of stock options, net of taxes										5,286,000	4,288,000	5,644,000	9,495,000	7,183,000	8,144,000	5,043,000	4,363,000	5,570,000	6,018,000
issuance of common stock in a public offering, net of issuance costs
foreign currency exchange gain											-6,192,000								45,000
investment in marketable securities											-5,000,000
investment in a privately-held company																0	0	0	-1,100,000
changes in obligations under capital leases
recovery for credit losses
provision for excess and obsolete inventories													6,018,000	15,798,000	9,625,000	1,215,000	10,184,000	213,000	3,478,000	1,961,000	3,104,000			280,000	3,875,000	5,890,000	8,328,000	8,361,000	10,442,000	4,651,000	9,492,000
foreign currency exchange													2,117,000
allowance (recovery) for credit losses														-232,000	233,000
recovery of allowance for doubtful accounts																-25,000	-179,000	-512,000	-124,000
proceeds from sale of investment in a privately-held company																								0	0
net repayment on asset-backed revolving line of credit, net of costs																													-25,455,000	-15,121,000	-26,523,000
net increase in cash, cash equivalents, and restricted cash
proceeds from borrowings, net of debt issuance costs																	350,356,000	317,913,000	269,806,000
payments of obligations under finance leases																	-21,000	-21,000	-17,000		88,000	-28,000	-26,000		-32,000	-71,000	-19,000
net cash from by financing activities																	239,192,000	42,911,000	184,262,000
(recoveries of) allowance for doubtful accounts
impairment of investments
equipment purchased under capital leases																																0	228,000			0	172,000	85,000	42,000	14,000	92,000	80,000	256,000					59,000				0				-4,000												106,000	23,000	0	4,000	30,000
contribution of certain technology rights to equity investee																															3,000,000
allowances for (recovery of) doubtful accounts																					-153,000	-322,000	-154,000
proceeds from debt																					47,556,000	8,261,000	6,408,000													10,100,000	9,700,000	9,700,000	4,700,000	48,500,000	31,200,000			0	8,778,000			0	0	0	20,641,000	1,000,000	1,675,000
net repayment on asset-backed revolving line of credit																									0	0	-1,116,000
provision for (recovery of) excess and obsolete inventories																							-902,000
allowance (recoveries) for doubtful accounts
proceeds from redemption of auction rate security
net (repayment) borrowings on asset-backed revolving line of credit, net of costs
payments of obligations under capital leases																												-61,000	-67,000	-68,000	-71,000
allowances for doubtful accounts																									1,501,000	-13,000	56,000		1,533,000
excess tax benefits from stock-based compensation																																-417,000	-1,148,000	-443,000	-302,000	-349,000	-2,151,000	-221,000	-134,000	-860,000	-4,447,000	-2,077,000	-705,000	-273,000	-1,635,000	-202,000	-882,000	-21,000	-59,000	-1,000	-784,000	-140,000	-823,000	-147,000	-937,000	-577,000	-608,000	-568,000	-648,000	-123,000	-245,000
investments in privately held companies
advances under receivables financing arrangement
payments to acquire treasury stock
proceeds from debt, net of debt issuance costs																													0	15,860,000	25,900,000	36,613,000	40,300,000	56,200,000	73,916,000
cash, cash equivalents and restricted cash at beginning of period																													0	0	120,382,000
cash, cash equivalents and restricted cash at end of period																															117,148,000
allowances (recoveries) for doubtful accounts																															707,000
investment in a privately held company																																								0	0
allowance for doubtful accounts																																-277,000	255,000	283,000	73,000	264,000	209,000	707,000	98,000	132,000	281,000	-33,000	-54,000	92,000	308,000	227,000	849,000	233,000	621,000	-62,000	137,000	14,000	178,000			-79,000	169,000	248,000	161,000	346,000	222,000	163,000	41,000	23,000	-89,000	362,000	3,000	160,000	-22,000	154,000	42,000	68,000
change in restricted cash																																-54,000	1,000	-403,000	116,000
advances (payments) under receivable financing arrangements																																		768,000	19,000					-636,000										15,000	-599,000
net increase in cash and cash equivalents																																4,971,000	-20,973,000	-17,944,000	-34,268,000	4,558,000	6,514,000	58,998,000	15,452,000				20,640,000	-4,842,000	11,831,000	-21,575,000	18,420,000	-936,000	5,576,000	30,075,000	-22,503,000	-8,035,000	-13,516,000	10,097,000	22,337,000			3,697,000	10,875,000	5,913,000	-15,544,000	8,677,000	3,303,000	7,593,000	2,405,000	-4,477,000	13,293,000	10,127,000	-4,046,000	-4,915,000	-549,000	30,036,000
cash and cash equivalents at beginning of year																																																																							50,864,000	0
cash and cash equivalents at end of year																																																																							50,315,000	30,036,000
provision for inventory																																	1,771,000	2,498,000	3,893,000	3,287,000	2,246,000	2,062,000	1,718,000	1,466,000	287,000	2,515,000	1,660,000	-173,000	889,000	1,534,000	4,000	981,000	2,431,000	3,403,000	2,910,000	2,893,000	1,784,000	1,540,000	2,362,000	1,761,000	1,103,000	579,000	-90,000	805,000	659,000	884,000	266,000	644,000	488,000	-248,000	575,000	183,000
exchange loss																																	1,099,000	-466,000	698,000								-235,000			-356,000	241,000			76,000	202,000
inventory																																	-44,816,000	-101,780,000	-54,900,000	27,009,000	5,009,000	-27,222,000	404,000	-34,577,000	-21,464,000	-70,179,000	-27,364,000	-20,575,000	-5,051,000	-38,151,000	-144,000	2,190,000	-16,175,000	16,152,000	10,537,000	-50,559,000	-37,357,000	-5,896,000	1,345,000	11,169,000	-19,098,000	-36,715,000	-15,836,000				-10,283,000
payment to acquire treasury stock																																	0	0	-18,461,000																													0	-244,000
minimum tax withholding paid on behalf of employees for restricted stock units																																	-934,000	-882,000	-660,000		-604,000	-308,000	-196,000
payment of obligations under capital leases																																	-66,000	-62,000	-56,000	-56,000	-47,000	-47,000	-39,000	-38,000	-38,000	-30,000	-28,000	-21,000	-11,000	-10,000	-5,000	-9,000	-13,000	-9,000	-9,000	-9,000	-8,000	-9,000	-9,000	-12,000	-18,000	-16,000	-18,000	-12,000	-9,000	-11,000	-10,000	-11,000	-8,000	-15,000	-23,000	-19,000	-32,000	-30,000	-45,000	-73,000
advances under receivable financing arrangements																																																													264,000	25,000	181,000	18,000	-734,000	498,000	265,000	-206,000	483,000	-9,000	-77,000	38,000
cash and cash equivalents at beginning of period																																	0	0	180,964,000		0	0	95,442,000		0	0	96,872,000		0	0	93,038,000		0	0	80,826,000		0	0	69,943,000		0	0	72,644,000		0	0	70,295,000		0	0	51,481,000		50,814,000
cash and cash equivalents at end of period																																	-20,973,000	-17,944,000	146,696,000		6,514,000	58,998,000	110,894,000		26,044,000	-34,311,000	117,512,000		11,831,000	-21,575,000	111,458,000		5,576,000	30,075,000	58,323,000		-13,516,000	10,097,000	92,280,000		-19,120,000	3,697,000	83,519,000		-15,544,000	8,677,000	73,598,000		2,405,000	-4,477,000	64,774,000		-4,046,000
accrued costs for property, plant and equipment purchases																																	-492,000	1,255,000	4,070,000	3,572,000	1,950,000	-369,000	5,735,000	-5,685,000	4,637,000	4,898,000	2,976,000	-34,000	-836,000	1,055,000	1,836,000	1,691,000	-900,000	-86,000	1,166,000	-77,000	-1,240,000	290,000	1,824,000	660,000	-149,000	403,000	568,000	80,000	-357,000	389,000	379,000	-273,000	407,000	-143,000	456,000	-338,000	-663,000	189,000	1,697,000
exchange gain																																				259,000	47,000	468,000	-2,007,000	-80,000	710,000			238,000				5,000
minimum tax withholding paid on behalf of employees for restricted stock awards / units
restricted cash																																					-614,000	-401,000	-3,000	2,000	-417,000	-11,000	10,000	5,000	409,000	6,000	-14,000	-5,000	-395,000	-11,000	-1,000	7,000	-10,000	-45,000	16,000
payments under receivable financing arrangements																																							-37,000									-24,000
proceeds from investments																																																0	0			400,000	400,000	0	1,675,000	200,000	0	400,000	900,000	59,000	200,000	5,300,000	3,440,000	57,000	35,000	0	850,000	1,804,000
minimum tax withholding paid on behalf of employees for restricted stock awards
contributions from noncontrolling interests																																																0	0	0	168,000
minimum tax withholding paid on behalf of an officer for restricted stock awards																																												-30,000	0	0	-651,000		0	0	-1,022,000				-1,109,000
net decrease in cash and cash equivalents																																									26,044,000
advance under receivable financing arrangements
advance (payments) under receivable financing arrangements																																											-4,000				736,000
land deposit refund																																																					0
deposit applied to property acquisition																																																				0	0
payment under receivable financing arrangements
loss on disposal of property, plant and equipment																																																												62,000				22,000	0
minimum tax withholding paid on behalf of employees for stock options and restricted stock awards
gain on short-term investments																																																												0	0									-220,000	-198,000
land deposit																																																								-175,000
purchases of investments																																																																				-55,000
allowance for sales returns																																																					1,257,000	1,211,000	3,137,000	2,780,000	857,000	1,707,000	1,280,000	1,435,000	1,862,000	1,082,000	931,000	905,000	862,000	912,000	1,569,000	1,481,000	1,519,000	1,358,000	1,273,000	1,458,000
income taxes payable/receivable																																																					742,000	1,869,000	4,093,000
minimum tax withholding paid on behalf of officers and an employee for restricted stock awards																																																					0
advances (payment) under receivable financing arrangements																																																						254,000	187,000		-55,000	-98,000	-83,000
allowance (benefit) for doubtful accounts																																																							-5,000
proceeds from long-term debt																																																							3,156,000		9,667,000
repayment of long-term debt																																																							-139,000					0	0	0	-9,994,000	-98,000	-69,000	-66,000	-74,000	-73,000	-74,000	-1,031,000	-76,000	-7,224,000
effect of exchange rate fluctuations on cash and cash equivalents																																																							-80,000
reversal of deferred stock-based compensation for cancellation of stock options																																																																0	0	0	3,000	2,000	1,000	2,000	19,000	31,000
changes in fair values of investments																																																												298,000	0	347,000	339,000	0	122,000	-546,000	-153,000	-108,000
restricted assets																																																									-35,000	-5,000	-77,000	-64,000	1,546,000	2,000	-4,000	-6,000	9,000	2,000	-43,000	-1,000
minimum tax withholding paid on behalf of an employee for restricted stock awards																																																										-672,000	-762,000
proceeds from short-term debt
payment of deferred offering costs
prepaid income taxes/income taxes payable																																																													-2,091,000
cash paid for taxes																																																													5,243,000	380,000	413,000		-1,356,000	4,823,000	359,000	5,570,000	2,631,000	5,049,000	5,000	4,610,000
prepaid income taxes																																																															2,150,000
accrued litigation loss																																																															1,089,000									0
proceeds from initial offering of common stock, net of offering costs
accrued offering costs																																																																						-277,000	297,000	-389,000
prepaid expenses and other current assets																																																																	1,880,000	-1,740,000	209,000	175,000	4,000	-158,000	-101,000	-151,000
other assets																																																																	4,000	-2,000	1,000	0	0	294,000	-205,000	-114,000
deferred stock-based compensation related to stock option grants
income tax payable																																																																					1,444,000	385,000	1,736,000	1,398,000
payment of offering costs																																																																					0	0	-20,000
proceeds from short-term investments																																																																						16,590,000	890,000
purchases of short-term investments																																																																						-16,650,000	-4,725,000
loss on disposal of property and equipment																																																																								14,000
restricted cash-decrease
accrued costs for property and equipment purchases																																																																								-34,000
proceeds from maturity of short-term investments
purchases of property and equipment

Supermicro(NASDAQ:SMCI)

Supermicro
(NASDAQ:SMCI)